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FOMC: a difficult dovish hike from Yellen? - ING

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Analysts at ING noted the details that will come of the FOMC will be key.

    Key Quotes:

    "But though the decision looks as well flagged as any in living memory, there is still scope for markets to react to the tone, if not the content of the decision.

    We expect Janet Yellen to try to deliver a difficult “dovish hike”, and stress the likelihood that rates will rise slowly, and not at a pre-determined rate in the subsequent press conference. More “data dependency” seems the likely direction from here, though this could also entail some additional consideration of any movements in the USD as rates rise.

    Such “caution” could throw up credibility problems in 1Q/2Q16 if headline inflation and wages push higher, And if we do get any surprises at this meeting, we would anticipate them being short-lived."
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