Preview comments from BNP on the FOMC meeting this week, analysts at the Bank says the minutes will be the most interesting news about this meeting!Some of the key points, in summary:1. ... we’re back in a ‘high rates for longer environment’. 2. we can expect strong insistence on the data dependency of decisions 3. The validity of this approach has been vindicated by recent inflation data. This is not an environment for pre-committing and giving clear guidance about when rate moves will be made and how fast. 4. We should expect that Chairman Powell will say he is confident that inflation will decline (if not, he would trigger a bond market sell-off) but that it will probably take more ti
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