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US payrolls data strengthens December lift-off bets – Lloyds Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Research Team at Lloyds Bank, suggests that stronger than expected November employment report has, along with recent statements by FOMC members, further buttressed the market view that the Federal Reserve will announce the first US policy rate hike since June 2006 at its next meeting which is now less than two weeks away.

    Key Quotes

    “Indeed, the FOMC appears to be looking past this and focussing more on the trajectory of subsequent rate rises. Several Committee members, including Chair Yellen and Governor Brainard, have recently delivered strong hints that, despite the solid momentum of the domestic economy, several factors, including the strong dollar, which has risen by around 10% on a trade-weighted basis so far this year, still tepid inflation and downside risks to the global economy point to a much more gradual tightening cycle than in the past.”
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