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FOMC to spur up the greenback? - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman highlights consensus from the FOMC this week.

Key Quotes

"The second part of the Fed's statement that will be closely watched is the reference that rates can remain low for a "considerable time" after QE ends. This has been a contentious issue for a number of regional Fed presidents."

"Many economists look for this to be dropped in the statement that will be released at the conclusion of the FOMC meeting on September 17. If it is dropped, the market will quickly conclude that a rate hike has indeed been brought forward."

"The idea would be a Q1 15 hike instead of mid-year. This would likely see an increase in short-term yields and a bearish flattening of the yield curve. It would likely spur a dollar advance."

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