FOMC meeting expected to be largely a non-event – Lloyds Bank

In view of Hann-Ju Ho, Research Analyst at Lloyds Bank, this evening’s FOMC meeting is expected to be largely a non-event.

Key Quotes

“We expect the Fed to leave US policy rates unchanged with the upper bound at 1% and to make little change to the press statement. There is no scheduled post-meeting press conference or forecast updates at this meeting. Hence, we do not expect a clear signal just yet of an intention to hike interest rates in June (which is our central view).”