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Latest US economic data raises more questions for the Fed – Well Fargo

FXStreet (Córdoba) - According to the Wells Fargo Research Team the latest economic data from the US increased questions about the Federal Reserve rate hike intentions.

Key Quotes:

“Economic data over the last week mostly disappointed with soft retail sales, continued declines in headline inflation and a contraction in industrial production output. As the Federal Open Market Committee prepares for their Oct. 27-28 meeting, this week’s data raise new questions about underlying demand fundamentals and the inflation outlook over the next several months.”

“Given that inflation appears so weak, we do not expect any change in monetary policy at the Oct. FOMC meeting. Furthermore, if these price measures do not begin to show signs of stability over the next couple of months, there would be a much higher risk that the first Fed rate hike may be moved into 2016”.

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