26 Oct 2015
US Fed in the limelight - Rabobank
FXStreet (Delhi) – Piotr Matys, EM FX Strategist at Rabobank, suggests that while new homes sales (Mkt: 550k in September down from 552k in August) will start busy week in the US, the main focus will be on the Fed.
Key Quotes
“The markets will be looking for any fresh clues about the timing of the first interest rate hike since 2006. The official statement (no press conference this time) will be published on Wednesday at 19:00cet.”
“As reflected in fed fund futures, market expectations regarding a hike have been pushed back to next year, but Rabobank’s Fed watcher Philip Marey continues to argue in his FOMC preview “the Fed is close to the finish line, and it will take more negative evidence to convince the majority in the FOMC to delay its first rate hike to next year”.”
Key Quotes
“The markets will be looking for any fresh clues about the timing of the first interest rate hike since 2006. The official statement (no press conference this time) will be published on Wednesday at 19:00cet.”
“As reflected in fed fund futures, market expectations regarding a hike have been pushed back to next year, but Rabobank’s Fed watcher Philip Marey continues to argue in his FOMC preview “the Fed is close to the finish line, and it will take more negative evidence to convince the majority in the FOMC to delay its first rate hike to next year”.”