FOMC minutes: in line with expectations - Nomura
|Analysts at Nomura explained that the August FOMC minutes were largely in line with our expectations on the near-term trajectory of policy, setting the stage for another rate hike in September, the third of 2018.
Key Quotes:
"However, the minutes included discussions on two longer-term topics: alternative monetary policies to increase the Committee’s tools at the zero lower bound (ZLB) and 2) the start of a longer-term discussion on the Fed’s implementation framework.
Further, the minutes provided more details on the FOMC’s assessment of the risk of escalation in trade disputes as well as wide-ranging tariffs while indicating that many participants’ economic outlook remains unchanged. We maintain that it is unlikely for the FOMC to react preemptively to estimated effects of possible trade actions by the US and trading partners. In addition, the minutes provided some hint of potential upcoming changes to the post-meeting statement."
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.