8 Jul 2014
Fedspeak in the spotlight today – Danske Bank
FXStreet (Edinburgh) - Fleming Nielsen, Senior Analyst at Danske Bank, underlines the significance of today’s speeches by Fed members.
Key Quotes
“In the US speeches by FOMC-members Narayana Kocherlakota (voter, dove) and Jeffrey Lacker (non-voter, hawk) this evening”.
“It will be interesting to see if the communication from Fed turns less dovish in the wake of the very strong labour market report for June released last week”.
“Kocherlakota has turned into a super-dove, recently indicating that the interest rate projections from the FOMC-members, suggesting the first rate hike by mid-2015, are too hawkish in his view”.
“Lacker is interesting because he will be voting next year and although he is regarded as a hawk, his views do not appear to have differed significantly from consensus recently”.
Key Quotes
“In the US speeches by FOMC-members Narayana Kocherlakota (voter, dove) and Jeffrey Lacker (non-voter, hawk) this evening”.
“It will be interesting to see if the communication from Fed turns less dovish in the wake of the very strong labour market report for June released last week”.
“Kocherlakota has turned into a super-dove, recently indicating that the interest rate projections from the FOMC-members, suggesting the first rate hike by mid-2015, are too hawkish in his view”.
“Lacker is interesting because he will be voting next year and although he is regarded as a hawk, his views do not appear to have differed significantly from consensus recently”.