FOMC Could Be a ‘Non-Event’ – UOB
The research team at UOB Group does not expect noted the upcoming FOMC
meeting to yield any significant outcome, focusing instead on the June
“The Fed Reserve has a meeting and a policy decision scheduled this coming week (26-27 Apr), but it is without any post FOMC press conference by Yellen or review of the FOMC economic projections”.
“The markets may already view this as a non event because based on trading in futures and options data compiled by Bloomberg, the probability of another Fed rate hike in April 2016 FOMC stayed unchanged at 0% which been at 0% since the dovish speech by FOMC Chair Yellen on 29 March 2016 while the chance of a June hike rose to 19.6% (from 13.6% on 18 April)”.
“Perhaps there may be some indications within the FOMC statement to shed some light for the June FOMC outlook, but given the rather long gap of 6 weeks we are unlikely to get a lot of certainty on the timing of the next hike and instead, the officials will most likely continued to keep the next June meeting as a “live” possibility”.