9 Mar 2015
June hike still ‘on the table’ – OCBC Bank
FXStreet (Edinburgh) - Strategists at OCBC Bank see the likeliness of a Fed’s rate hike in the June meeting, following the solid performance of the US labour market.
Key Quotes
“With the US labor market chalking up a 12th consecutive month of NFP gains above 200k, expectations for the Fed to remove the word “patient” at this month’s FOMC have risen (while also focusing attention towards a June liftoff), and this should continue to underpin the greenback broadly at the onset of the week”.
“On this front, note that the UST curve actually bear steepened (as opposed to bear flattening) following the latest NFP numbers".
"Notably, the Fed’s Lacker also stated on Friday that, “June has to be on the table”.
Key Quotes
“With the US labor market chalking up a 12th consecutive month of NFP gains above 200k, expectations for the Fed to remove the word “patient” at this month’s FOMC have risen (while also focusing attention towards a June liftoff), and this should continue to underpin the greenback broadly at the onset of the week”.
“On this front, note that the UST curve actually bear steepened (as opposed to bear flattening) following the latest NFP numbers".
"Notably, the Fed’s Lacker also stated on Friday that, “June has to be on the table”.