FOMC Minutes eyed for further rate hike clues - SocGen
Kit Juckes, Research Analyst at Societe Generale, suggests that as for the ‘big event’ of the FOMC Minutes today, we’ll see how they pitch the debate about normalisation against a backdrop of strong asset markets but very soft inflation readings going into the meeting last month.
Key Quotes
“How many times can you put ‘transitory’ into a set of Minutes? We will also crawl over any comments about the plan to start shrinking the Fed’s balance sheet after the summer. I can’t help thinking though, that tomorrow’s services ISM and Friday’s payrolls will be more important in determining how the market feels about the idea of a further rate hike in 2017, than the Minutes.”
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.
