FOMC: Focus on Federal Reserve thinking – SocGen

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Research Team at Societe Generale, suggests that the minutes of last month’s Federal Open Market Committee meeting and public appearances by half a dozen district bank presidents, will provide valuable insight into policymakers’ thinking about the economic outlook and monetary policy.

    Key Quotes

    “On the data front, regional manufacturing gauges, while uninspiring, are expected to show improvement from January levels.

    Industrial production probably expanded for first time in five months: A projected pickup in non-automotive manufacturing output, combined with a weather-related snapback in utilities generation, likely propelled the Federal Reserve Board’s industrial production gauge 0.4% higher in January, completely reversing the decline posted at the end of 2015 (see accompanying chart). Our forecast – the first increase since last August – would place January’s output level 0.5% annualised below the October-December average, following a 3.4% contraction during the autumn quarter.”
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