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No rate hike from the Fed in October, risks toward further delay – Wells Fargo

FXStreet (Córdoba) - According to analysts from Wells Fargo, the Federal Reserve will refrain from rising rates next week but December is still an open door.

Key Quotes:

“We believe the FOMC will refrain from raising the fed funds rate next week, opting instead to sanction the first rate hike at its December meeting. However, we recognize that the risks around this prediction are tilted toward further delay.”

“While Chair Yellen has reiterated her expectation of a rate hike this year, statements from other FOMC voters have cast doubt on this assertion. Next week’s statement will be integral in providing some clarity around what is currently a decidedly uncertain outlook.”

US Dollar to post highest close in two months

Greenback, measured by the US Dollar Index is about to post the strongest close since early August. It rose sharply for the second day in a row, accumulating a gain of 2.30%. Today it peaked at 97.23 and it about to close at 97.15.
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