Jan 30
FOMC: Preview of policy meeting
Overview : Tonight at 20:15 CET the Federal Open Market Committee (FOMC) is set to announce its policy rate decision. Following this weekend's events the market is discounting a 68% probability of a 25bp cut in the Fed funds rate or alternatively a 34% probability of a 50bp rate cut at tonight's meeting. While we attach a positive probability to a rate cut our base scenario remains that the FOMC will leave the Fed funds rate unchanged at 2%. However, the case for an emergency rate cut could
