FXStreet (Guatemala) - The research team at Brown Brothers Harriman noted that the FOMC meeting is the week's highlight even though policy outcome seems a foregone conclusion.
“It will continue with the tapering course that Bernanke put on the Fed on before he left. However, there are more moving parts than usual, and it is worth reviewing”.
“Essentially, there are four elements of the FOMC meeting: composition, statement, forecasts and press conference”.
“Generally speaking, the composition changes have led most to see a slight dovish tilt”.
“The economy has largely unfolded as the Federal Reserve expected since the April meeting”.
“if the Fed has been too optimistic on growth, it has not been optimistic enough on employment”.