FOMC Preview: Keeping A Wait And See Attitude Throughout Q1
(4 min read)
As we head into the first FOMC meeting of 2020, and of the new decade, the Fed has a number of issues to deal with this year and thus everyone will be watching closely what they do. But now is not the time to make any major changes to policy. We expect the Fed wants this meeting to be a non-event and will reserve any new policy initiatives for later in the quarter.
First off, when it comes to the Fed’s economic and inflation outlook, we expect little change to the statement. Despite some data misses consumers are still in spending mode. The Fed will probably need to see how Q1 turns out before turning even more dovish, in our view.
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