11 Jul 2014
FOMC minutes provide little more clarity - ING
FXStreet (Łódź) - The ING team of analysts review the latest FOMC minutes, which in their opinion haven't provided much insight into the Fed's monetary policy.
Key quotes
"Assuming the US economy remains on its current path, it looks probable that October will mark the end date for Fed QE asset purchases and that the proceeds from maturing bonds will cease being reinvested at or soon after the first Fed rate hike."
"Currently we think that this will be April next year and a decent retail sales and industrial production report this week should support those expectations."
"The key event will be the semi-annual testimony to Congress provided by Fed Chair Janet Yellen."
"At the moment she is downplaying the prospects of an early move, but we will look for any signs of cracks forming given the relative health of the economy and strong job creation."
Key quotes
"Assuming the US economy remains on its current path, it looks probable that October will mark the end date for Fed QE asset purchases and that the proceeds from maturing bonds will cease being reinvested at or soon after the first Fed rate hike."
"Currently we think that this will be April next year and a decent retail sales and industrial production report this week should support those expectations."
"The key event will be the semi-annual testimony to Congress provided by Fed Chair Janet Yellen."
"At the moment she is downplaying the prospects of an early move, but we will look for any signs of cracks forming given the relative health of the economy and strong job creation."