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FOMC trying to avoid market turmoil - Rabobank

FXStreet (Barcelona) - Analysts at Rabobank explained that they expect the FOMC to announce the end of QE3 at this week’s meeting.

Key Quotes:

“An extension of the asset purchase program as suggested by some Fed speakers does not seem necessary as markets have calmed down”.

“At the same time, the FOMC is also likely to repeat that there will be ‘considerable time’ between the end of QE3 and the first rate hike to avoid a return of market turmoil”.

“Consequently, we may see two voting members dissent again. The market consensus on the first rate hike has moved in our direction and we maintain our 2015Q4 forecast”.

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