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Fed to maintain status quo on rates – TDS

FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, suggests that the loooong-awaited FOMC decision is here, with the housing starts and Philly Fed reports likely falling by the wayside early on.

Key Quotes

“We look for the Fed to leave rates unchanged while simultaneously delivering a relatively hawkish message, continuing to keep markets primed for a rate hike later in 2015.”

“Market pricing for September liftoff remains at just 28% as surveys show economists split on the prospects of a hike, with roughly more than half of forecasters expecting the Fed to stand pat.”

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