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US: Sep FOMC meeting in focus today - Westpac

It has been a tumultuous month for the US economy and indeed the FOMC, with Vice Chair Fischer announcing his resignation effective October 2017, according to analysts at Westpac.

Key Quotes

“This decision will have no impact on the September meeting, the formal starting point for balance sheet normalisation. At the end of this meeting, a specific date will be given at which time the already outlined plan of the FOMC will be put into action. It is intended that this will reduce the balance sheet by around USD2trn over the next five or so years.”

“For the outlook, the more important output of the September meeting will be revised forecasts. The two particular areas of note will be the forecasts for inflation and for the fed funds rate, which recent communications indicate might come under pressure. We retain our December 2017; June and December 2018 rate hike view.”    

A tale of three central-bank camps – Danske Bank

Analysts at Danske Bank explain that in the last week which saw risk sentiment improving again following set-backs ahead of hurricane Irma and the imp
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US Dollar depressed around 91.50, FOMC eyed

The greenback is extending its sell off this week, with the US Dollar Index hovering over the area of weekly lows in the mid-91.00s. US Dollar focus
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