27 Oct 2014
QE widely expected to finish - BBH
FXStreet (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained that after some jitters around the middle of the month, market expectations have settled down, and the Fed is widely expected to announce the finish of QE.
Key Quotes:
"The part of the statement that was devoted to QE could largely be eliminated, and this will make for a shorter statement that may seem terse”.
“Given our understanding of the way the Fed operates, with key core centrists (Yellen, Fischer, and Dudley) driving policy, the statement is their organ, more so than the minutes or dot-plot."
“The peak in the Fed funds rate will likely be lower”.
Key Quotes:
"The part of the statement that was devoted to QE could largely be eliminated, and this will make for a shorter statement that may seem terse”.
“Given our understanding of the way the Fed operates, with key core centrists (Yellen, Fischer, and Dudley) driving policy, the statement is their organ, more so than the minutes or dot-plot."
“The peak in the Fed funds rate will likely be lower”.