Fargo. They add that any hints that liftoff is likely to come as early as the March meeting will come down to the statement and Chair Jerome Powell's post-meeting press conference.“The FOMC's first meeting of the year is likely be a quieter affair than its December meeting, when the Committee accelerated its taper plans and outlined a more aggressive policy path for 2022.
“To stave off a March rate hike, we believe the FOMC would need to see an abrupt slowdown in inflation. Although hiring is likely to stumble in January under the weight of Omicron, the current wave of cases is likely to worsen the existing supply challenges for labor and goods. If inflation continues to surprise to the upside, a March increase will be all but assured. The optics of standing idle with consumer inflation still at 7% will be difficult.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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