FMOC Preview, Here’s What Barclays & Goldman Have To Say.

December 12, 2017

Another year, and another December FOMC meeting where the Fed is set to raise rates. Well, that’s the word on the street, where a 0.25% rate rise is all but priced in for Wednesday. This meeting is important as it sets up 2018, a change in forecast or language could set the USD off into the new year.

US Fed Funds Rate.

Both Barclays and Goldman have sent previews to their clients, let’s have a look at what they have to say.

Here’s what Barclays have to say:

Summary of economic projections (SEP)

Goldman doesn’t really differ from the narrative:

And the summary projections:

In light of both the stronger growth momentum and the prospect of tax cuts:

Let’s hope that Wednesday’s meeting provides more volatility and action than NFP.