25 Jul 2014
Barclays: FOMC meeting will likely not be a market mover - eFXnews
FXStreet (Łódź) - The eFXnews team remark that Barclay’s doesn’t expect much action from the Fed at its monetary policy meeting on Wednesday.
Key quotes
“The statement may note that the final reduction in purchases would occur following the October meeting, but that should not be a surprise to anyone.”
“The Fed may upgrade the assessment of the labor market.”
“At the April meeting, the statement noted that ‘Labor market indicators were mixed but on balance showed further improvement. The unemployment rate, however, remains elevated’.”
“At the June meeting, the statement noted that ‘Labor market indicators generally showed further improvement. The unemployment rate, though lower, remains elevated’.”
“Information received on the labor market front since then has been unequivocally strong. All measures have shown improvement and the unemployment rate has already dropped to the Fed’s year-end central tendency range of 6.0-6.1%.”
“While we do not expect the Fed to remove the ‘elevated’ from the statement yet, it is very possible later this year, in our view."
‘This content has been provided under specific arrangement with eFXnews.’
Key quotes
“The statement may note that the final reduction in purchases would occur following the October meeting, but that should not be a surprise to anyone.”
“The Fed may upgrade the assessment of the labor market.”
“At the April meeting, the statement noted that ‘Labor market indicators were mixed but on balance showed further improvement. The unemployment rate, however, remains elevated’.”
“At the June meeting, the statement noted that ‘Labor market indicators generally showed further improvement. The unemployment rate, though lower, remains elevated’.”
“Information received on the labor market front since then has been unequivocally strong. All measures have shown improvement and the unemployment rate has already dropped to the Fed’s year-end central tendency range of 6.0-6.1%.”
“While we do not expect the Fed to remove the ‘elevated’ from the statement yet, it is very possible later this year, in our view."
‘This content has been provided under specific arrangement with eFXnews.’