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    FOMC and China in focus next week - ING Sandeep Kanihama

    Research Team at ING, suggests that next week’s FOMC statement will probably try to leave all options open.Key Quotes“The Fed clearly wants rates to be higher, but it will need to justify any future move with reference to the economy, particularly the labour market. We are sticking to our long-standing September hike call.China’s remaining economic data for May (including industrial production, fixed asset investment, retail sales, housing indicators and monetary indicators) are expected to reinforce the shift in policy from demand-side management to supply-side structural reforms.In Poland, we expect another drop in core inflation, due mainly to transportation prices. We see a widening divergence between core CPI and the HICP equivalent (due to methodological issues). Monthly activity data should present a decent picture after a soft 1Q16.”

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