17 Jun 2015
Key risk from the FOMC remains the dot-plots - SG
FXStreet (Barcelona) - According to Kit Juckes of Societe Generale, the lowering of the Fed dot-path might be the key talking point from the FOMC meeting.
Key Quotes
“There is plenty of scepticism about the idea that the Federal reserve will increase rates this year. Sure, the latest Bloomberg survey of economists has only 17 of 83 respondents expecting rates to be unchanged in September, but clients remind me that the consensus view has been wrong a few times already.”
“The risk at this evening’s FOMC meeting is, that while the underlying economic vies are reasonably upbeat and consistent with ‘lift-off’ happening in September, the (in)famous ‘dot-path’ will be lowered enough to be the main talking point.”
Key Quotes
“There is plenty of scepticism about the idea that the Federal reserve will increase rates this year. Sure, the latest Bloomberg survey of economists has only 17 of 83 respondents expecting rates to be unchanged in September, but clients remind me that the consensus view has been wrong a few times already.”
“The risk at this evening’s FOMC meeting is, that while the underlying economic vies are reasonably upbeat and consistent with ‘lift-off’ happening in September, the (in)famous ‘dot-path’ will be lowered enough to be the main talking point.”