Key points: The US Federal Reserve is in focus for macro analysts this week as it will decide the next move on the federal funds rate on Wednesday.
Markets will be watching the rate decision by the Federal Open Market Committee (FOMC), as well as language used by Fed chair Kevin Warsh at the accompanying press conference
Markets have little doubt over what officials will decide, seeing over 90% odds that rates will stay in their current 3.75-4% range. FedWatch data shows consensus favoring a 0.25% hike at the December FOMC meeting. Fed target-rate probabilities (screenshot).