FXstreet.com (Barcelona) - Next week’s big event will be the FOMC minutes from early August meeting. It is worth noting that in the last meeting the Fed left the monetary policy intact, ruling out another round of quantitative easing in the very short term, disappointing bulls.
According to analysts at Danske Bank, A.von Mehren and S.Bocian, “we find it increasingly likely that the easing will come at the September meeting. In particular, we will be looking at the minutes for further hints as to which specific policy instruments the committee is considering. Possible actions to consider are further asset purchases, reducing the interest rate on reserves and pushing the forward guidance on the first rate hike to 2015”.
According to analysts at Danske Bank, A.von Mehren and S.Bocian, “we find it increasingly likely that the easing will come at the September meeting. In particular, we will be looking at the minutes for further hints as to which specific policy instruments the committee is considering. Possible actions to consider are further asset purchases, reducing the interest rate on reserves and pushing the forward guidance on the first rate hike to 2015”.
