The two-day FOMC meeting that concludes next Wednesday (30th April) is likely to be a quiet affair for two reasons: The Fed made key changes to its forward guidance at the last meeting in mid-March. The upcoming meeting is also likely to be one of the most sparsely attended in years. Sticking to its previous tapering plan, we expect the Fed to reduce its monthly asset purchases by a further $10bn, to $45bn per month. We still anticipate that the first rate hike will be in June 2015.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services