30 Oct 2013
Flash: Fed; No big changes in store today – TD Securities
FXstreet.com (London) - Eric Green, Global Head of Rates, FX & Commodity Research said No big changes in store today in relation to the Fed.
Key Quote:
“There is no press conference, no Summary of Economic Projections (SEP), and no expectation that the Fed is in any position to alter the current contours of policy”.
“The statement could also prove of limited value. It will be hard to advance policy transparency through this clumsy medium, especially after the uneven communication performance by the Fed leading up to the September meeting”.
“Fed keeps tapering agenda intact, but expectations for a March starting point not likely to change”.
Key Quote:
“There is no press conference, no Summary of Economic Projections (SEP), and no expectation that the Fed is in any position to alter the current contours of policy”.
“The statement could also prove of limited value. It will be hard to advance policy transparency through this clumsy medium, especially after the uneven communication performance by the Fed leading up to the September meeting”.
“Fed keeps tapering agenda intact, but expectations for a March starting point not likely to change”.