13 Dec 2013
Flash: Budeget deal passed, tapering imminent? - Rabobank
FXstreet.com (London) - Strategists at Rabobank noted that this morning Asia time the US House of Representatives passed the USD1.01tn budget deal proposed yesterday.
Key Quotes:
“The USD1.01tn budget deal proposed yesterday eases spending cuts by USD63bn, with a 322-94 vote”.
“That positive political development, the first bipartisan budget deal in for years, arguably removes one key concern from the FOMC ahead of next week’s meeting”.
“However, yesterday’s initial claims number is indicative of why Rabobank still believes the Fed will opt to wait a little longer before tapering begins”.
Key Quotes:
“The USD1.01tn budget deal proposed yesterday eases spending cuts by USD63bn, with a 322-94 vote”.
“That positive political development, the first bipartisan budget deal in for years, arguably removes one key concern from the FOMC ahead of next week’s meeting”.
“However, yesterday’s initial claims number is indicative of why Rabobank still believes the Fed will opt to wait a little longer before tapering begins”.