12 Jun 2015
June FOMC meeting key, but rate hike expected in September - Danske
FXStreet (Barcelona) - Senior Analyst at Danske Bank, Signe Roed-Frederiksen, comments on the US growth outlook and further shares their view on Fed’s rate normalization program.
Key Quotes
“We are now seeing the rebound in consumption that we had expected and we see potential for continued strong private consumption growth in coming months…retail sales report adds to the run of recent positive data from the US which in our view will give the Fed more confidence in its base line expectation that Q1 weakness was primarily caused by temporary factors.”
“The upcoming FOMC meeting next week will be very interesting in this respect but overall we continue to believe that the Fed will deliver a first rate hike in September this year followed by an additional 100bp per year over the coming months.”
Key Quotes
“We are now seeing the rebound in consumption that we had expected and we see potential for continued strong private consumption growth in coming months…retail sales report adds to the run of recent positive data from the US which in our view will give the Fed more confidence in its base line expectation that Q1 weakness was primarily caused by temporary factors.”
“The upcoming FOMC meeting next week will be very interesting in this respect but overall we continue to believe that the Fed will deliver a first rate hike in September this year followed by an additional 100bp per year over the coming months.”