Traders eye 2pm ET FOMC meeting outcome,....>

US VIEW: Traders eye 2pm ET FOMC meeting outcome, widely expected to have 25-bp

rate hike; also eyed SEP,d 2:30pm ET Chr Yellen news conf. 

- JPM's Michael Feroli expects FOMC will raise FFR tgt range 25bps to

1.25-1.50%, "the overwhelming consensus expectation" so "more interesting" news

what FOMC signals on 2018 pol outlk; Sept: median FOMC comm participant expected

3 hikes next yr;" he eyed "even odds" this "increases to 4 expected hikes." 

- JPM's Feroli said FOMC SEP economic forecasts Wed likely "show a lower

unemplynt rate than the September projections, and a generally firmer outlook

for GDP growth." He said  "both revisions should be directionally supportive of

a somewhat faster rate normalizatn path;" did not anticipate much change to FOMC

statement on econ or mon pol; "finally, the monthly caps on the amount of

balance sheet shrinkage should be increased $10B/mo" starting in Jan, as said in

pvsly announced sched.

- Gluskin Sheff's David Rosenberg: "Will Fed become more aggressive?" He added

"many at the central bank are getting antsy over the tight labor market and

financial imbalances."