8 Jul 2015
FOMC Minutes: Fed members view on labour market key – Westpac
FXStreet (Barcelona) - Previewing the key events ahead in the US, the Westpac Team notes that the focus in the FOMC Meeting Minutes will remain on Fed members view on labour market and rate hike forecasts.
Key Quotes
“The meeting minutes from the Jun 16-17 FOMC meeting will be released. While we saw an upgrade in the board’s assessment of the economy, and the median Fed Funds rate for end-2015 unchanged at 0.625%, there was a more dovish bias to the distribution of forecasts around the median. The minutes will give us a more detailed view from the FOMC members. Their take on the labour market is key.”
“We will also hear from San Francisco Fed president Williams (centrist and voter) at the same time. An embargoed text and media questions are expected.”
Key Quotes
“The meeting minutes from the Jun 16-17 FOMC meeting will be released. While we saw an upgrade in the board’s assessment of the economy, and the median Fed Funds rate for end-2015 unchanged at 0.625%, there was a more dovish bias to the distribution of forecasts around the median. The minutes will give us a more detailed view from the FOMC members. Their take on the labour market is key.”
“We will also hear from San Francisco Fed president Williams (centrist and voter) at the same time. An embargoed text and media questions are expected.”