From Goldman:
Tomorrow, in line with market pricing, we expect the FOMC to raise the federal funds rate by 25bp.From there, our US economists price a more sizeable tightening cycle than the market (see Exhibit 1), and we expect further USD strength as the market re-prices more tightening from the Fed.
That said, we also think that Chair Yellen will continue to emphasise that monetary policy is not on a pre-set course and that the data will dictate the future path of interest rates.
