The Fed will announce its latest rate decision on Wednesday 18th September at 19:00 BST/14:00 EDT, alongside the updated Summary of Economic Projections (SEPs). The focus will fall on the rate decision with market pricing leaning towards 50bps, but the analyst consensus is overwhelmingly for 25bps (114 economists expect 25bps, only 9 see 50bps), with recent articles from the WSJ and FT, as well as commentary from former NY Fed President Dudley shifting market pricing since the analyst surveys were released.
However, not many analyst desks appear to have revised their calls since these updates, with both JPMorgan and Goldman Sachs retaining their calls (JPM sees a 50bp cut, GS sees a 25bp cut).
