Fed to start hiking rates in September - BofA

FXStreet (Bali) - Bank of America Economists note that despite the disappointing US NFP last Friday, they are still expecting the Fed to start hiking rates in September.

Key Quotes

"We are sticking with our expectation for the Fed to start hiking rates in September, but only if the data accelerate. As Fed Chair Yellen has made clear, monetary policy is data dependent and the FOMC is not looking to make a symbolic one-time hike."