Markets treading water ahead of FOMC - ANZ

Analysts at ANZ explained that financial markets tread water ahead of tomorrow’s FOMC meeting.

Key Quotes:

"On balance, the USD regained its poise following a weaker overnight session as encouraging economic releases underscored expectations that the FOMC will be more upbeat on its assessment of economic activity. US equities continued to trade defensively, but European equities were a touch firmer. Yields on fixed income were largely unchanged despite solid US data. Commodities traded sideways too, but oil slipped further, with WTI back to USD42.8/bbl – a 10.5% fall in the last month."

FOMC meeting: yes, it will be hawkish; no, it won't matter