Fed widely expected to hike rates to 2.50% - TDS

In view of analysts at TD Securities, the US Fed is widely expected to hike rates to 2.50%, leaving the focus on the policy statement language, Chairman Powell's press conference, and updated economic projections.

Key Quotes

“We look for Powell to sound cautiously upbeat on the outlook although the statement is likely to include less forward-looking language, consistent with an emphasis on data dependency.”