OctaFX | OctaFX Forex Broker
Open trading account
Back

Fed's Fischer: Timing of rate lift-off and subsequent adjustments conditional to economic outlook

FXStreet (Bali) - US Fed vice-charman Stanley Fischer, crossed the wires over the weekend, via Reuters, speaking at the IMF in Peru, noting that the US economy continues growing but with considerable uncertainty due to global economic and financial conditions.

Fischer added: "Both the timing of the first rate increase and any subsequent adjustments to the federal funds rate target will depend critically on future developments in the economy."

Additional headlines

Shifting expectations about the Fed's policy plans could itself be a source of volatility but US officials can't communicate more than facts warrant

Fed decision to delay rate hike is Sept meant to allow more time to assess developments globally and particularly in China

Does not anticipate recent events will have a significant effect on Fed policy, but notes "disappointing" recent jobs report and slow export growth

Slowing rate of jobs growth still adequate to absorb remaining slack in US labour market

Drag of low oil prices on US investment appears to be waning

Exports may be restrained by strong US dollar for "somewhat longer

BoE's Shafik: Rate hikes discouraging leverage in EMs could be misguided

Bank of England Deputy Governor Minouche Shafik, crossed the wires over the weekend, at the IMF conference in Lima, noting that the assumption of rate hikes discouraging leverage in EMs (Emerging Markets) could be misguided.
Read more Previous

AUD/USD: at major pivotal level on big week

AUD/USD has started out in early Asia with a finger or two dropping from its grip in the 0.7320's while oscillating below the pivot of 0.7233 albeit against a positive backdrop of last week's continuation of the bullish recovery.
Read more Next
Start livechat