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16 Jul 2015
The timing of a Fed’s lift-off remains unclear – BTMU
FXStreet (Edinburgh) - Lee Hardman, Currency Strategist at BTMU, assessed the recent testimony by chair J.Yellen.
Key Quotes
“The exact timing of the first rate hike remains uncertain and will be determined on a meeting-by-meeting basis depending on its assessment of realized and expected progress toward its objectives of maximum employment and 2 percent inflation”.
“It leaves the door open still for the first rate hike to be delivered as early as in September”.
“The next policy statement from the FOMC meeting on 29th July will now be watched even more closely to see if the Fed provides a clearer signal that it is likely to begin raising rates in September or wait until the final quarter of this year”.
Key Quotes
“The exact timing of the first rate hike remains uncertain and will be determined on a meeting-by-meeting basis depending on its assessment of realized and expected progress toward its objectives of maximum employment and 2 percent inflation”.
“It leaves the door open still for the first rate hike to be delivered as early as in September”.
“The next policy statement from the FOMC meeting on 29th July will now be watched even more closely to see if the Fed provides a clearer signal that it is likely to begin raising rates in September or wait until the final quarter of this year”.