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Oct 13, 2015
FOMC: Watch and wait before rate hike – Rabobank
FXStreet (Delhi) – Jane Foley, Reseatch Analyst at Rabobank, notes that the Fed’s Lael Brainard provided a dovish message yesterday suggesting that the FOMC should be “watching and waiting” rather than pushing forward with a rate hike.
Key Quotes
“Her message contrasted with that of Fed Vice-chair Fischer who commented at the weekend that he shared the view of most FOMC members that it would be appropriate to hike rates this year. Although the market is not fully priced for a 2015 rate hike, surveys of economists suggest a majority are predicting a December policy move.”
Key Quotes
“Her message contrasted with that of Fed Vice-chair Fischer who commented at the weekend that he shared the view of most FOMC members that it would be appropriate to hike rates this year. Although the market is not fully priced for a 2015 rate hike, surveys of economists suggest a majority are predicting a December policy move.”