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FOMC statement is key today - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at UOB Group noted that we have the Oct FOMC policy decision upon us.today.

    Key Quotes:

    "Given that any expectations of an interest rate move have now evaporated and that there is no press conference scheduled after the event, there is a great deal hanging on the accompanying statement, which we think will likely be more downbeat than that issued in September in light of recent activity and inflation data, but not sufficiently so to rule out the possibility that the Fed could still begin tightening at the Dec meeting."
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