Credit Suisse economists said "the FOMC.....>

US VIEW: Credit Suisse economists said "the FOMC meeting is the key event next

week. We will also get CPI, retail sales, and industrial production data for

November. We expect the FOMC to hike rates for a third time this year at their

December meeting."

- "We will also receive an update of the Summary of Economic Projections, which

are likely to lean in a hawkish direction," they said. "We expect median

interest rate projections to remain stable in 2018, 2020, and the longer run but

the 2019 median dot could shift higher. Risks are to the upside for the dots,

with several participants of the committee worried about low volatility, easy

financial conditions, and the likely passage of tax cuts."

- But CS analysts said "the policy statement is unlikely to mark a shift in

tone" while "Yellen's last press conference as Fed Chair is likely to reflect

her well-established views. We expect her to reiterate that the real neutral

rate is probably low (but subject to change over time) and gradual rate

increases are warranted. Along with the hike next week, we expect two Fed rate

hikes next year, in Q1 and Q2."