26 Aug 2015
Central Bank look-ins, fed to hold off - TDS
FXStreet (Guatemala) - Analysts at TD Securities explained that the market volatility has put the last nail in the september coffin.
Key Quotes:
"Amid a sharp increase in financial market volatility we are abandoning our call for a September hike by the Federal Reserve and now provisionally expect the first hike to come in March 2016."
"The incentive for the Fed to delay what would be its first hike in just over nine years reflects a much larger cost of withdrawing stimulus too soon than waiting too long."
"The Bank of England is now expected to hike in May 2016 and there remains a risk that the Bank of Canada will cut later this year and the ECB extends QE by January 2017."
Key Quotes:
"Amid a sharp increase in financial market volatility we are abandoning our call for a September hike by the Federal Reserve and now provisionally expect the first hike to come in March 2016."
"The incentive for the Fed to delay what would be its first hike in just over nine years reflects a much larger cost of withdrawing stimulus too soon than waiting too long."
"The Bank of England is now expected to hike in May 2016 and there remains a risk that the Bank of Canada will cut later this year and the ECB extends QE by January 2017."