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Market’s collective position indecisive on US FOMC Minutes - Societe Generale

FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, notes market’s collective decision as indecisive for the release of US FOMC Minutes later in the day.

Key Quotes

"The big event today comes after the London market closes, with the release of US FOMC Minutes. Every nuance will be pored over but the basic question is whether the FOMC will vote for rate hikes as long when it's safe to do so, or when ot's really dangerous not to."

"Or, to put it another way, would the prospect of real GDP growing at a rate of 3% or more in 2015, with unemployment falling even further, be enough to trigger a move even if wage growth and CPI inflation failed to ring a single alarm bell?"

"Our bet is that if the current 3%-plus momentum is maintained into next year rates will rise. The market's collective position is indecisive."

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