FXStreet (Delhi) – Research Team at Rabobank, note that it will be a very busy week in the US and expectations are building up for the US Fed to go ahead and raise the rates in this week’s policy meet.
Key Quotes
“In US, Retail sales and industrial production will be released on Tuesday, followed by CPI on Wednesday and housing data on Thursday. The highlight will be a 2-day FOMC meeting, which starts on Wednesday. 51 out of 96 economists surveyed by Bloomberg expect the Fed to raise interest rates.”
“Federal Funds Futures, however, show only a 28% probability that Chair Yellen will pull the trigger when the decision is announced on Thursday.”
“Our Fed watcher Philip Marey maintains his long held view that December is the most likely date for the Fed’s policy rate lift-off. Fasten your seatbelts, as it could be another volatile week ahead of us.”
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