FOMC: Limited changes expected in the statement - TDS

In view of analysts at TD Securities, the November FOMC meeting should be a dull affair, with limited changes expected in the statement.

Key Quotes

“We see risks of a slight downgrade to the description of recent economic activity, which would see a modest dovish reaction, but given the relentless strength in the labour market and tick up in wages it is difficult seeing an outright dovish tone.”

“Initial jobless claims for the week of November 3 are the lone economic release although the market consensus expects claims to hold near recent levels at 213k.”