A 50bp FOMC rate hike today is the overwhelming consensus – but here’s what comes next

The Federal Open Market Committee (FOMC) assertion right now (at 1900 GMT) and Powell’s information convention following (1930 GMT) are the main target.

Earlier previews:

• Timiraos: Fed on track for 50 bps tomorrow but lower inflation could complicate 5% target

This snippet now’s by way of ABN Amro on what they anticipate in Q1 of the brand new yr forward:

• We anticipate the Fed to hike charges an extra 50bp in December
• and 25bp hikes in Feb & March
• with the higher sure to peak at 5%
• Subsequently, we anticipate the Fed to pause, assuming inflation continues transferring decrease and the labor market deteriorates.