Fed to look through political fog - ANZ
|In view of analysts at ANZ, ‘Fed speak’ and the minutes of the FOMC May meeting could take on added significance this week as financial markets tussle with the implications of the turmoil besetting the Trump administration.
Key Quotes
“Although the statement that accompanied that meeting was upbeat and regarded the weakness in Q1 GDP as transitory, it will be interesting to see the range of debate within the FOMC and whether any members made any explicit reference to a June hike.”
“With regard to the FOMC speakers this week, we think it unlikely any will get drawn into the political fog, and most will stay focused on the economy which is showing evidence of reaccelerating in Q2.”
“In the coming weeks the political dynamic and its impact on overall financial conditions will be worth watching closely. If the politics were to take a nasty turn for the worse and have a sustained negative impact on financial markets, then this could make the FOMC’s decision at the 13-14 June meeting less straightforward.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.