19 Aug 2015
All eyes on FOMC minutes – Danske Bank
FXStreet (Edinburgh) - Senior Analyst at Danske Bank Sverre Holbek highlighted the relevance of today’s FOMC minutes due later in the European evening.
Key Quotes
“We should find out more on the general thinking on inflation within the FOMC as the minutes from the July FOMC meeting are released later today”.
“The FOMC added the word ‘some’ to the phrase ‘further improvement in the labour market’ in relation to what is needed to trigger a first rate hike”.
“Our interpretation of this change is that labour market data would have to worsen for the Fed to take its finger off the trigger while a continuation of the recent trend would be enough for the Fed to pull”.
“We continue to see the first Fed funds rate hike coming in September, but the risk is that it comes later”.
Key Quotes
“We should find out more on the general thinking on inflation within the FOMC as the minutes from the July FOMC meeting are released later today”.
“The FOMC added the word ‘some’ to the phrase ‘further improvement in the labour market’ in relation to what is needed to trigger a first rate hike”.
“Our interpretation of this change is that labour market data would have to worsen for the Fed to take its finger off the trigger while a continuation of the recent trend would be enough for the Fed to pull”.
“We continue to see the first Fed funds rate hike coming in September, but the risk is that it comes later”.