Monday, October 12, 2015

Fed's Fischer: Timing of rate lift-off and subsequent adjustments conditional to economic outlook

FXStreet (Bali) - US Fed vice-charman Stanley Fischer, crossed the wires over the weekend, via Reuters, speaking at the IMF in Peru, noting that the US economy continues growing but with considerable uncertainty due to global economic and financial conditions.

Fischer added: "Both the timing of the first rate increase and any subsequent adjustments to the federal funds rate target will depend critically on future developments in the economy."

Additional headlines

Shifting expectations about the Fed's policy plans could itself be a source of volatility but US officials can't communicate more than facts warrant

Fed decision to delay rate hike is Sept meant to allow more time to assess developments globally and particularly in China

Does not anticipate recent events will have a significant effect on Fed policy, but notes "disappointing" recent jobs report and slow export growth

Slowing rate of jobs growth still adequate to absorb remaining slack in US labour market

Drag of low oil prices on US investment appears to be waning

Exports may be restrained by strong US dollar for "somewhat longer
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