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    FOMC will reinforce a positive economic message - SocGen Sandeep Kanihama

    Kit Juckes, Research Analyst at Societe Generale, suggests that the FOMC days are odd – the highlight is in the early evening and is often generally expected to be a non-event anyway.Key Quotes“We will get new growth and inflation projections and a new set of ‘dots’ to show us where the FOMC members say they think rates will be going forwards. All of that will be more interesting than the actual policy decision.I’m as easily put off as the FOMC , which needs three stars to align perfectly before hiking – the market has to have priced in a move sufficiently that we won’t be surprised when they act, the US data needs to be strong enough to justify a move (obviously) and global markets need to be calm. In order to assure markets of their good intentions they will reinforce a positive economic message, keep hikes on the table for this year, and deliver a ‘dot-plot’ that’s well above what is priced into markets.”

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