Russia FX/Rates Snapshot - January 30, 2019
Today, investors await the FOMC press release (22:00 MSK) and press conference (22:30) following the monetary policy meeting. Given the dovish comments from Fed officials this year, we expect the Fed to reaffirm a "patient and flexible" stance with regard to further tightening, pointing out the risks of a slowdown in the global and US economies. Against this backdrop, we expect no hikes from the Fed until June at the earliest. However, the Fed could deliver a dovish surprise should it decide to slow the pace at which it is reducing the balance sheet from the current $50 bln a month. This year, Fed governors have hinted at just such a move, but this is clearly not fully priced in by the markets.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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