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Comment on FOMC Minutes - Rabobank

FXStreet (Delhi) – Philip Marey, Senior US Strategist at Rabobank, comments on the recently released FOMC minutes.

Key Quotes

“The minutes of the October meeting of the FOMC confirmed the reduced concern about the impact of the troubles in China on the US economy.”

“Despite the disappointing Employment Report for September, most participants anticipated that the conditions for the first rate hike could well be met by the time of the December meeting. Note this debate took place before the upbeat Employment Report for October that may have eased the fears of one or more doves in the Committee.”

“After lift-off participants generally agreed that it would be appropriate to remove policy accommodation gradually.”

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