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Markets mixed on the FOMC - BBH

FXStreet (Guatemala) - With market participants mixed on the FOMC, Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman suggest that in their opinion statement carry’s more weight than dot plot.

Key Quotes

"The FOMC statement is about the voting members, and it reflects the Board of Governor views, and especially the Chair. In terms of policy signals, we put more weight on the statement than the dot-plot and minutes."

"This is consistent with our general approach to watching the Fed. Some opinions are more important than others in revealing the policy signal. Yellen, Fischer, and Dudley are the signals and their views are diluted in the FOMC minutes and dot-plot."

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