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    FOMC Preview: Looking for a signal from the Fed – Lloyds Bank Sandeep Kanihama

    Rhys Herbert, Research Analyst at Lloyds Bank, suggests that the US Federal Reserve seems almost certain to leave its policy unchanged after its 14-15th June policy meeting.Key Quotes “Markets currently attach effectively a zero probability to a June rate hike.While stopping short of emphatically signalling that interest rates will rise over the summer months we expect the message from the FOMC will be that they expect to hike rates in the near future.We continue to think that 21 September is the most likely date for the next rise in US interest rates.Given the extent of recent market movements, a less ‘dovish’ message from the FOMC has the potential to boost US bond yields and the dollar.”

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