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A fed hike from timing to pace of tightening - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained that Many investors have moved on from simply focusing on the timing of the first Fed hike to considering the pace of the tightening and the terminal rate of Fed funds.

Key Quotes

"A CNBC poll before Jackson Hole found consensus expectations for a peak in Fed funds rate of 3.15% in 2017”.

“The August 2017 Fed funds futures contract, which admittedly is not actively traded, implies an effective average Fed funds rate of about 2.40%."

Argentina Trade Balance (MoM): $899M (August) vs $803M

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BoC divergences to that of the Fed - BAML

Ian Gordon, FX Strategist at BAML explained a key rationale behind our bullish view on USD/CAD is the presumption of relative policy divergence between the Federal Reserve and the Bank of Canada.
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