8 Jul 2015
Credit Suisse: Will the Fed minutes signal for the timing of the first rate hike? – eFXnews
FXStreet (Barcelona) - The Research Team at Credit Suisse, previews the Fed meeting minutes and San Francisco Fed President Williams speech, and maintains a long USD position versus commodity FX, as noted by eFXnews.
Key Quotes
“The June 17 FOMC policy statement kept the door open for a rate hike later this year, without providing more explicit guidance about the timing of lift-off. It would be interesting if the minutes of the June FOMC meeting provided more clarity on the likely date of the Fed's first rate hike, but the risk is that they will not.”
“The minutes may help markets glean the motivation behind declines in Fed officials' preferences (a.k.a. "dots") for the fed funds rate target at the end of 2015-2017 and in the longer run.”
“At the same time as the 2 p.m. ET minutes release, San Francisco Fed President Williams (voter, dove) is scheduled to speak on the economic outlook. We continue to prefer USD longs versus the G10 commodity block (AUD, NZD and CAD), as easing expectations due to falling commodity prices build.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The June 17 FOMC policy statement kept the door open for a rate hike later this year, without providing more explicit guidance about the timing of lift-off. It would be interesting if the minutes of the June FOMC meeting provided more clarity on the likely date of the Fed's first rate hike, but the risk is that they will not.”
“The minutes may help markets glean the motivation behind declines in Fed officials' preferences (a.k.a. "dots") for the fed funds rate target at the end of 2015-2017 and in the longer run.”
“At the same time as the 2 p.m. ET minutes release, San Francisco Fed President Williams (voter, dove) is scheduled to speak on the economic outlook. We continue to prefer USD longs versus the G10 commodity block (AUD, NZD and CAD), as easing expectations due to falling commodity prices build.”
This content has been provided under specific arrangement with eFXnews.