OctaFX | OctaFX Forex Broker
Open trading account
Back

Fed will probably begin to normalise monetary policy in December - BNPP

FXStreet (Delhi) – Research Team at BNP Paribas, suggests that the minutes of the latest FOMC meeting of 27 and 28 October has hinted towards the December lift-off.

Key Quotes

“For most of FOMC members, the particularly feeble inflation of recent months is mainly due to lower oil prices and a stronger dollar. Members emphasised the inflation was turning around, even though it is still moderate and at the very beginning of a recovery phase. Some members also pointed out the emergence of labour market pressure, which is spreading to several types of employment and geographic regions.”

“Most Fed officials think the conditions will come together for a key rate increase in December. A minority believe that the conditions had already come together at the end of October, and the same number fear that conditions still will not be ripe in December. The balance is clearly tipping towards a December rate increase. The shift in the majority is reflected in the decision to modify the press release published on 28 October, to indicate that the first key rate increase could be decided at the next meeting on 15 and 16 December.”

Australian Q3 GDP: Non-mining recovery gaining traction - NAB

Research Team at NAB, notes down the key highlights of the just released Australian Q3 GDP numbers.
Read more Previous

Aussie shrugs-off upbeat Q3 GDP, EU CPI, UK PMI – In focus

The US dollar staged a comeback from the recent corrective slide in Asia, weighing on most G10 currencies. While the calendar remained light this session, upbeat Australian growth numbers and RBA Steven’s comments failed to offer support to the AUD bulls. The Kiwi retreated from multi-week lows, although held onto 0.6650 support.
Read more Next
Start livechat