Back
18 Sep 2014
Something for both bears and bulls from Fed - Rabobank
FXStreet (Guatemala) -Jane Foley, Senior Currency Strategist at Rabobank suggested that there was something for both doves and hawks in yesterday’s policy statement from the Fed.
Key Quotes:
“After weeks of speculation it seems that the majority of FOMC members remain content to signal that rates will not be raised for a ‘considerable time’. However, the trajectory of interest rate hikes into 2017 could be steeper than many had been anticipating”.
“Since a faster pace of rates hikes suggests the Fed may be expecting price pressures to hasten, this adds weight to market talk that Fed Chair Yellen would prefer to preside over a period of too high inflation than risk hiking rates too soon and potentially adding to the plight of the jobless American”.
Key Quotes:
“After weeks of speculation it seems that the majority of FOMC members remain content to signal that rates will not be raised for a ‘considerable time’. However, the trajectory of interest rate hikes into 2017 could be steeper than many had been anticipating”.
“Since a faster pace of rates hikes suggests the Fed may be expecting price pressures to hasten, this adds weight to market talk that Fed Chair Yellen would prefer to preside over a period of too high inflation than risk hiking rates too soon and potentially adding to the plight of the jobless American”.