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First Fed rate hike likely to occur in H2 2015 - TD Securities

FXStreet (Łódź) - The TD Securities team of analysts expect the US Fed's QE program to end in October while they see the first rate increase taking place in the second half of next year.

Key quotes


"Yellen needs affirmation that a 'false dawn' is not lurking in the shadows, sentiment governed by a risk-based policy regime that recognizes the risks to low inflation and low growth are still higher than the other way around."

"Evidence is mounting that a better outcome is evolving."

"This is enough to sow the seeds of the next stage of the cycle, but actual rate hikes will be governed by need to nurture growth and higher inflation."

"This imperative will prevail over a more dovish FOMC in 2015."

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