Analyst: Fed's Wednesday Vote Could Show Division, Potentially Foreshadowing September Meeting Outcome

Odaily Odaily News LBBW Senior Fixed Income Analyst Elmar Voelker said in a report that investors may focus on the number of potential dissenting votes in the Fed's interest rate decision on Wednesday. He said: "We believe there could be up to three dissenting votes, as early as April, a camp of this size had already voted against the Fed's then 'dovish' forward guidance."

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