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US Dec FOMC meeting to bring first hike in 10 years - Westpac

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Research Team at Westpac, notes that in its recent communications, the FOMC has clearly telegraphed that the December meeting will see the first US rate hike in almost 10 years.

    Key Quotes

    “On the labour market, unemployment has now fallen to 5.0%, and nonfarm payrolls employment continues to print at levels well in excess of current population growth. Wages are also beginning to firm, indicating considerably reduced slack.”

    “For inflation, while the US dollar and the oil price are still impacting headline inflation, the underlying pulse is much closer to the FOMC's medium-term target of 2.0%yr.”

    “Consequently, while risks remain and the path ahead will be anything but smooth, now is the time to begin removing accommodation and test the strength of the US economy.”
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