FXStreet (Delhi) – Research Team at TD Economics, suggest that the FOMC is expected to hold the fed funds rate unchanged and we remain of the view that March 2016 is the first opportunity for the Fed to hike.
Key Quotes
“The risk of an earlier move would require a period of international calm and a firm rebound in US data from its recent swoon. Without updated economic projections and an accompanying press conference, the bar for action at the October FOMC meeting is higher than in September.”
“Only if the economic data had improved materially versus the Fed’s updated expectation outlined in September would a hike be warranted. This has not occurred. Global stresses have impacted domestic activity in the United States and Q3 growth is expected to decelerate below its trend rate. The healing in the labor market while still above its trend rate, has also slowed relative to the pace set earlier in the year.”
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