27 Feb 2015
Today’s Fedspeak could give clues on the timing of rate hike – Danske Bank
FXStreet (Edinburgh) - Market participants will closely watch the upcoming speeches by Fed members today, with the first rate hike by the Fed in the limelight, suggested Sverre Holbek, Senior Analyst at Danske Bank.
Key Quotes
“There are several potentially interesting Fed speakers today”.
“First, vice-chairman Bill Dudley (dove, voter) and Loretta Mester (hawk, non-voter) are participating at a conference discussing a new report called "new neutral", presented by various US banks in cooperation with several academics”.
“This could give more insight into whether Dudley, who is at the core of the Fed, still believes lift-off in June is plausible”.
“The other vice-chairman, Stanley Fischer (neutral, voter) is participating tonight in a panel discussion on central banks with large balance sheets, a conference in which ECB vice chairman Vitor Constancio also participates”.
Key Quotes
“There are several potentially interesting Fed speakers today”.
“First, vice-chairman Bill Dudley (dove, voter) and Loretta Mester (hawk, non-voter) are participating at a conference discussing a new report called "new neutral", presented by various US banks in cooperation with several academics”.
“This could give more insight into whether Dudley, who is at the core of the Fed, still believes lift-off in June is plausible”.
“The other vice-chairman, Stanley Fischer (neutral, voter) is participating tonight in a panel discussion on central banks with large balance sheets, a conference in which ECB vice chairman Vitor Constancio also participates”.