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With .25 bp hike fully priced/expected for......>

FED
FED: With .25 bp hike fully priced/expected for some time from the FOMC today,
will it be a dovish or hawkish hike -- focus on the Summary of Economic
Projections (SEP), dot plot and Fed chair Powell's first post FOMC presser?
MUFG's John Herrmann thinks some Fed voters (Rosengren, Brainard) "likely may
need another three-to-six-months, possibly longer, to shift to a more HAWKISH
monetary policy stance." Nevertheless, Herrmann said MUFG's model forecasts
"FOUR interest rate hikes in 2018 followed by THREE interest rate hikes in 2019
and an upward "creep" in the interest rate dots - watch what the Fed does, and
NOT what they think they may do."

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