Mitsubishi UFJ: A hawkish hold would support U.S. Treasury yields and the
dollar. COMMERZBANK: Cuts year-end gold and silver targets to $4,500 and $67,
citing persistent inflation that keeps the Fed restrictive. TD Securities: A
unanimous decision would be surprising and imply Waller has consolidated
internal consensus, a scenario that could trigger a sharp dollar sell-off.
Goldman Sachs: Even if the Fed keeps rates unchanged for the year, dollar
weakness would be limited; EUR/USD faces structural downside. Saxo Bank: A Fed
would hike likely the forward rate curve unless markets view it as a
defensive move. Sumitomo Mitsui: The rate decision and Waller’s press remarks
could push USD/JPY toward the 164 area. ING: If UST yields remain capped, gold
may find support near current levels; any hawkish Fed surprise could curb
near-term upside. DBS Group: Even minor changes in statement or press-conference
wording could materially move short-end rates. HSBC: Unless the Fed unexpectedly
hikes, this week's decision is unlikely to provide fresh upside for the dollar.
SIA Wealth Management: Major policy adjustments are unlikely before September;
gold is likely to trade rangebound through autumn and, in extreme scenarios,
into early 2027.
