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2 Oct 2015
FOMC minutes coming up next - TDS
FXStreet (Guatemala) - Analysts at TD Securities explained that in the September FOMC Meeting Minutes, they expect the report to reinforce the Fed’s prevailing bias for a 2015 start to the normalization in rates.
Key Quotes:
"And while the minutes will reiterate the data-dependency of any policy action and keep each meeting “live”, the market will be particularly sensitive to any signals of deep-seated concern about the potential disruptive impact on domestic activity from global events. We see the risks biased towards this report being interpreted relatively dovishly by the market."
"While there will be a hawkish element on how close the decision was to hike in September and while there will be commentary that the overwhelming majority still saw the first hike in 2015, we think the market is likely to interpret the recent flow of weak data and insufficient to meet even the low hurdle these minutes will likely suggest to actually deliver that hike this year."
Key Quotes:
"And while the minutes will reiterate the data-dependency of any policy action and keep each meeting “live”, the market will be particularly sensitive to any signals of deep-seated concern about the potential disruptive impact on domestic activity from global events. We see the risks biased towards this report being interpreted relatively dovishly by the market."
"While there will be a hawkish element on how close the decision was to hike in September and while there will be commentary that the overwhelming majority still saw the first hike in 2015, we think the market is likely to interpret the recent flow of weak data and insufficient to meet even the low hurdle these minutes will likely suggest to actually deliver that hike this year."