10 Jan 2014
Flash: FOMC testing phase extension? - BAML
FXstreet.com (Guatemala) - Strategists at the Bank of America Merrill Lynch to look at the possibility of a test extension from the FOMC.
Key Quotes:
“Daily tests of the new facility began in September and are currently scheduled to conclude on January 29. The FOMC minutes noted that "operations to date had proceeded smoothly" and that the staff "would likely recommend a continuation" beyond January”.
“We expect the FOMC to authorize an extension of the testing phase at the conclusion of the January 28-29 FOMC meeting, if not sooner, given the success of the program to date”.
Key Quotes:
“Daily tests of the new facility began in September and are currently scheduled to conclude on January 29. The FOMC minutes noted that "operations to date had proceeded smoothly" and that the staff "would likely recommend a continuation" beyond January”.
“We expect the FOMC to authorize an extension of the testing phase at the conclusion of the January 28-29 FOMC meeting, if not sooner, given the success of the program to date”.