8 Apr 2015
FOMC minutes expected on the dovish side – Scotiabank
FXStreet (Edinburgh) - According to Camilla Sutton, Chief FX Strategist at Scotiabank, the tone of the FOMC minutes could be tilted to the dovish side.
Key Quotes
“FOMC minutes from the March 18th meeting are expected to be relatively dovish as it was the meeting where the Fed removed patience, but decreased the pace of interest rate hikes in their quarterly SEP and highlighted the impact of a strong USD on exports and inflation”.
“However we see a lot of risk for the USD around the release”.
“The core takeaways are expected to be that the Fed’s interest rate policy will be dependent on further improvement in the labour market, core inflation stabilizing and confidence that inflation will move back to 2% over the medium term; with some focus on financial and international developments”.
“However it will be the nuances that will play into the USD outlook”.
Key Quotes
“FOMC minutes from the March 18th meeting are expected to be relatively dovish as it was the meeting where the Fed removed patience, but decreased the pace of interest rate hikes in their quarterly SEP and highlighted the impact of a strong USD on exports and inflation”.
“However we see a lot of risk for the USD around the release”.
“The core takeaways are expected to be that the Fed’s interest rate policy will be dependent on further improvement in the labour market, core inflation stabilizing and confidence that inflation will move back to 2% over the medium term; with some focus on financial and international developments”.
“However it will be the nuances that will play into the USD outlook”.