Global Macro Service > Research Briefings > United States

FOMC meeting preview – Scaling back expectations

The Fed has paused monetary policy tightening as it “patiently” assesses the economic landscape amid increasing global crosscurrents. Thus, policymakers will keep the fed funds target range steady at 2.25% –2.5% at next week’s FOMC meeting. The key focus will be on the downward revisions to economic and interest rate forecasts. Additionally, Fed officials will likely announce when exactly this year they plan to end the balance sheet reduction.

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