FOMC Minutes in focus today – RBC CM
|Sue Trinh, Head of Asia FX Strategy at RBC Capital Markets, explains that setting the stage for today’s FOMC Minutes, the Fed’s Harker said that he retained his hawkish stance of three hikes for 2017 and that a June hike is a “distinct possibility”.
Key Quotes
“The focus will be on the pace of the tightening path and discussions about balance sheet reduction. RBC thinks the next wave of information about the balance sheet unwind is much more likely to come at the June meeting, but there is an outside chance of some additional news about the approach that will be used to shrink the sheet. The remaining issues are timing, tapering, and the pace of runoff. Any further elaborating on these could be market-moving. BoC’s rate decision is also in focus today.”
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.