Fed: Dovish plumage - ANZ

Sandeep Kanihama FXStreet Contributor

On Friday, Bullard and Mester rounded out a week of eight Fed speakers and following a hawkish Dudley on Monday, the tone softened suggesting a dovish angle on further rate hikes prospect, explains the analysis team at ANZ.

Key Quotes

“Bullard remained in the dovish camp, suggesting that there are few reasons to raise rates again. However, he did allude to September as a possible start date for unwinding the balance sheet. Mester said that she still sees a gradual path of rate hikes and that the recent bout of weaker inflation outcomes has not altered her forecasts.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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