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Fed likely to signal end of QE in October - Deutsche Bank

FXStreet (Łódź) - Colin Tan from Deutsche Bank comments on his colleague Peter Hooper's report on the Fed monetary policy decision tomorrow, pointing out that he sees the possibility of the FOMC signaling the end of the QE program in September.

Key quotes

"The Committee will likely observe that enough progress is being made on the macro front to bring the asset purchase program to a conclusion at the end of October."

"Importantly, Peter expects the FOMC to drop calendar-based guidance ('considerable time') from its statement, but to strive to do so in a way that does not advance market expectations of a mid-2015 lift-off date."

"The Committee should project a return to a near-neutral level of fed funds by year-end 2017 as their forecasts are extended."

"Finally, we can also expect an update of the Committee’s exit guidance along the lines outlined in the July minutes."

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