1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

FOMC Preview: Fasten your seatbelts for lift-off - Rabobank

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Delhi) – Philip Marey, Senior US Strategist at Rabobank, suggests that the FOMC meets on December 15-16, ready to raise the fed funds target for the first time since June 2006.

    Key Quotes

    “In her speech on December 2, Fed Chair Yellen said that economic and financial data since the FOMC meeting in October have been consistent with the Committee’s expectations of continued improvement in the labor market, which helps strengthen confidence that inflation will move back to the 2% target over the medium term.”

    “On December 4, the Employment Report showed 211K new jobs in November with upward revisions to October and September. Meanwhile, in October the unemployment rate already reached the 5.0% level that was projected by the FOMC for Q4 at the September meeting and it remained there in November.”

    “Note that the minutes of the October meeting indicated that most participants anticipated that the conditions for the first rate hike could very well be met by the time of the December meeting (and this was before the upbeat Employment report for October with 271K nonfarm payroll growth and 5.0% unemployment). Therefore, we see no reason to change our long held call (since January 2014) for a December rate hike.”
    For more information, read our latest forex news.
     

Share This Page