No change expected at the FOMC event – UOB

Lee Sue Ann, Economist at UOB Group, sees the Federal Reserve keeping the status quo at its event later this week.

Key Quotes

“This meeting will be accompanied by a press conference and importantly, an updated Summary of Economic Projections.”

“Our base case remains for the Fed to stay on hold for most of 2021, at least, and the taper discussion will only start in later 2021/early 2022 unless the Fed indicates a clear change in its policy stance.”

“We continue to hold the view that the Fed will keep policy rates at the current 0.0-0.25% region at least until 2023.”