Thursday, September 17, 2015

FOMC: 25bp hike coming, slow pace of future hikes in perspective - RBS

FXStreet (Delhi) – Brian Daingerfield, FX Trading Strategist at RBS, forecasts the FOMC to hike the target range for the Fed Funds rate by 25bp and anticipate the forecasts and language may be used to reinforce an extremely slow pace of tightening and a purely data-dependent outlook for the Fed Funds rate.

Key Quotes

“A result in line with our expectations would support the USD, in our view – monetary policy divergence remains a theme, even as all central banks feel the global dovish pressure of softening EM growth.”

“While the FOMC meeting understandably is the key event in the US, August housing starts and the Philadelphia Fed index for September are released in the US as well.”
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