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TD Research discusses its outlook for today’s FOMC policy meeting.
“The tapering pace is likely to double to $30 billion per month, consistent with the end of QE in March. Officials are also likely to convey a more hawkish tone through the statement, economic forecasts, and dot plot. The midpoint is likely to show 50 points. basis in 2022,” notes TD.
“While there is a lot in the rate, in practice, there is very little to offset the steadiness of the US dollar as other central bank decisions this week will pale in comparison to the hawkish Fed,” adds TD.
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