Analysts at Danske Bank a brief preview of Wednesday's highly anticipated FOMC decision, wherein the US central bank is expected to leave interest rates unchanged.

“Today's main event is the Fed meeting. As most FOMC members have said they think the current stance of monetary policy is appropriate, the Fed is now on hold after three cuts in a row. Political uncertainty has declined, global growth has stabilised and US recession fears have eased after strong job reports lately. Most will look at the 'dots' for hints about what the Fed thinks about next year. Given the Fed has cut one more time than it thought in September, it will automatically be lowered but we think the Fed will signal it is on hold also next year. Markets are pricing in another cut during 2020.”