Analyst: A Split Vote on Wednesday Could Foreshadow September FOMC Outcome

Odaily Odaily Odaily reports that LBBW senior fixed income analyst Elmar Voelker stated in a report that investors are likely to focus on the potential number of dissenting votes in the Fed's interest rate decision on Wednesday. He said, "We believe there could be as many as three dissenting votes, given that a faction of this size had already voted against the Fed's then 'dovish' forward guidance back in April."

Voelker noted that if the Fed unanimously decides to adopt a wait-and-see monetary policy stance, it would be a positive surprise for the bond market, as it would shake market participants' current prevailing expectation that a rate hike in September is almost a foregone conclusion. (Jinshi)