A Fed’s rate hike is closer – Societe Generale

FXStreet (Edinburgh) - Kit Juckes, Strategist at Societe Generale, sees the Federal Reserve initiating its hiking cycle in the next months.

Key Quotes

“The latest FOMC statement was a teeny-weeny bit more hawkish than its predecessor, as long as you consider the reference to 'some more tightening' in the labour market being a prerequisite for lift-off, than 'more tightening'.

“On such small details hangs market sentiment but we can conclude firstly that the first hike is getting closer, secondly that when it happens still depends on how data evolve”.