November FOMC: Last quiet meeting - TD Securities
|"Fed officials met for the last FOMC meeting that won't be followed by a press conference. They didn't say much that was new: a slightly less optimistic assessment of business investment but still strong consumer spending and job gains," note TD Securities analysts.
Key quotes
"Risks remain "roughly balanced," keeping the Fed on track for another rate hike in December, in our view."
"Rates: With only marginal changes at the November statement, markets will continue to look toward election implications and equity sentiment for direction in the near-term. We continue to expect yields to drift lower from current levels."
"FX: Though the USD popped higher post-statement, it appears related to a WSJ article on OPEC. Going forward we expect FX to be in a holding pattern until a fresh catalyst emerges."
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