Barclays Capital Research expects the Fed to raise the target range for the federal funds rate by 25bp to 1.00-1.25% at its June meeting this week.
“Although some details may be lacking, we expect the message on balance sheet policy to be clear: consensus has been reached and runoff is likely to begin soon.
Given our expectation of a rate hike in June and balance sheet runoff in September, we find it unlikely that the Fed will deliver a dovish message on the outlook,” Barclays adds.
Source: Barclays Research
The article is published by one of the foremost sources of Forex trading information. Link to the original article above.
from Online Forex Trading Resource
View thesource article here