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Fed can move FFR in range – Fed’s Rosengren

FXStreet (Mumbai) - Boston Fed’s Eric Rosengren, while speaking to Bloomberg said there are some caliberation issues but the Fed can move the Fed Funds Rate (FFR).

Rosengren was out earlier today stating that expects the Federal Reserve to raise interest rates this year, despite the "weak" September jobs report. "This was definitely a weak employment report," he told Reuters over the weekend at the Boston Fed.

Rosengren said the slowdown in hiring last month effectively heightens his sensitivity to the economy's performance the rest of the year.

Brazil: Finally showing some signs of resilience - BBH

Research Team at BBH, suggest that Brazil was likely oversold during the September panic that gripped most of EM but recent developments in both domestic and external, have helped Brazilian assets gain some traction, but it is a fragile balance and while the near-term looks more positive, the country’s fundamental problems and economic challenges are far from being resolved.
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Global market sentiment off to a buoyant start – TDS

Ned Rumpeltin, European Head of Currency Strategy at TD Securities, notes that market sentiment is off to a buoyant start this week as investors continue to push out expectations for the first Fed rate hike after Friday’s dire US employment report.
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