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Market agenda: Fed meeting time is on Wednesday

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Investors’ attention next week will focus on the Federal Reserve (Fed) meeting, with the FOMC meeting on 21 and 22 September. “We do not expect the meeting to announce a tapering, but Governor Powell should confirm the idea that an announcement will take place by the end of the year. The update of the so-called dot cloud should also be monitored, to see if it will come. The timing of the first rate hike currently expected in 2023 has been anticipated or not – say the strategists of Mps Capital Services -. In addition, for the first time, the rate estimates for 2024 will also be published, with the Libor futures market at 3 months that cost a rise and a half “.

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