29 Apr 2015
FOMC could surprise to the upside – Danske Bank
FXStreet (Edinburgh) - Analysts at Danske Bank see the likeliness that the FOMC statement could come on the hawkish side.
Key Quotes
“Although we do not expect much news in the FOMC statement on Wednesday, we expect it to acknowledge the weakness in recent data but to emphasise that the Committee still views the soft patch in US growth as caused in part by temporary factors”.
“The statement is also likely to note that inflation has stabilised lately”.
“Market participants have adjusted their expectations of a first Fed funds rate hike from October to December/January and we believe that the statement could reverse some of this move”.
Key Quotes
“Although we do not expect much news in the FOMC statement on Wednesday, we expect it to acknowledge the weakness in recent data but to emphasise that the Committee still views the soft patch in US growth as caused in part by temporary factors”.
“The statement is also likely to note that inflation has stabilised lately”.
“Market participants have adjusted their expectations of a first Fed funds rate hike from October to December/January and we believe that the statement could reverse some of this move”.