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Fed’s Fischer: Conditions right for 2015 lift-off – Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Michael Every, Research Analyst at Rabobank, notes that the Fed’s Fischer was cautious in the recently ended IMF meet, but suggested that conditions are looking right for ‘lift-off’ this year which is likely to give USD a lift today.

    Key Quotes

    “Struggling Brazil’s Finance Minister Levy also had an interesting take, noting “My impression of the discussions is that they started out with a somewhat gloomy mood, but people have realized that the risks we’re facing are somewhat positive problems [in that] most economies are moving away from old problems and starting a new phase.” In other words, we have a whole new set of problems! Hurrah!”

    “Naturally, IMF head Christine Lagarde rode in like a white knight to put a happy gloss on her party. “I wouldn’t paint a dark picture,” she said to reporters. “I would simply insist on the policy mix that can be applied in order to move from an uneven and modest recovery, which has decelerated, to something that is definitely stronger.””
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