FOMC Preview: Hike And All Eyes On The Dots... Or We Get "Policy Error Of All Policy Errors"

Summary

• 85% of forecasters expect the Fed to hike 25bps, while money markets price in a c. 90% probability of a hike.
• Hike expectations strengthened following the hotter-than-expected August core CPI print.
• Dot plot eyed for whether policymakers expect further hikes beyond September.

Expectations: