FOMC: reading between the lines - ING
||
Rob Carnell, Chief International Economist at ING Bank explained that reading between the lines, the statement suggests that were it not for these uncertainties, the Fed would be close to hiking rates now, and would probably be ready to do so in September (our Pre-Brexit call). Key Quotes: However, such uncertainties are likely to remain in play in September and we believe the Fed will sit out that meeting too without action and the subsequent meeting in November, just ahead of the US Presidential Election. It is still just possible that rates could be raised in 2016 at the December meeting, depending on the election outcome. But we marginally prefer a 1Q17 rate hike given the plentiful sources of political and financial instability in the interim. Markets are not there yet, but headed in the right direction. |
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.