FXStreet reports that Credit Agricole CIB Research discusses its expectations for September FOMC policy meeting.

"We think that the FOMC may be only a month or so away from announcing QE taper and think that the updated staff economic projections and the Fed Chair Jerome Powell’s press conference would convey the message that the US recovery is becoming more durable. In addition, the updated Fed ‘dot plot’ would be scrutinised for any signs of more aggressive monetary tightening in the medium- to long-run. We think that the market impact from the meeting this week will depend on how investors perceive any signal that cautious policy normalisation is on the way," CACIB notes.