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Expectations fading for 2015 Fed hike – Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Piotr Matys, EM FX Strategist, at Rabobank, notes that the much weaker than expected US Sep retail sales and a sharp fall in producer prices fuelled doubts amongst market participants that the Fed will raise interest rates this year.

    Key Quotes

    “Despite a boost from lower oil prices, US consumers are reluctant to spend as reflected in sluggish pace of sales reported at just 0.1% m/m in September with August revised to flat from 0.2% m/m.”

    “Given that household spending is one of the main pillars of growth for the US economy, disappointing figures increased investors’ expectations that the Fed will delay its first hike since 2006 until March next year. Rabobank Fed’s watcher Philip Marey, however, maintains his long held view that a hike in December cannot be excluded.”
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