Fed Decision Preview: Policy Statement May See Amendments to the Following Sections
BlockBeats News, October 29th, the Federal Reserve may make the following revisions to its policy statement. The Fed may change its wording to acknowledge the economic activity rebound, may remove the phrase "picking up" regarding inflation, keep other wordings regarding inflation and employment unchanged, and may mention the lack of data due to the government shutdown, leading to uncertainty.
The Fed may adjust the target range to reflect the rate cut decision, with the wording regarding QT undergoing the most significant change, as the Fed is likely to signal the end of quantitative tightening at this meeting or the next. We may see Fed Governor Milan dissenting from a 25 basis point rate cut and voting for a 50 basis point cut, and it is also possible to see Kansas Fed President Schmiedt dissenting from a rate cut and supporting keeping rates unchanged, as he is one of the most hawkish voters. These potential changes are largely in line with market expectations and should not come as a surprise. (FXStreet)
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