FOMC is set to raise rates – ANZ

The FOMC is set to raise rates and keep an upbeat tone on the economy, while continuing to flag inflation uncertainties, according to analysts at ANZ.

Key Quotes

“All of this has been well telegraphed, so we expect few surprises. Focus will remain on tax reform. The House and the Senate will try to reconcile their different bills in an effort to approve the tax package before Christmas. But most of the good news is already priced and tax cuts are unlikely to be a panacea for the economy, so any upside coming from positive developments on the tax front should be limited.”