28 Jan 2016
FOMC: Slightly more dovish than expected – Deutsche Bank
FXStreet (Delhi) – Despite the market reaction Deutsche Bank’s Chief Economist, Peter Hooper, thinks the January FOMC statement came out, if anything, slightly more dovish than expected.
Key Quotes
“He notes that they acknowledged the recent weakening of some key economic indicators, downgraded their inflation forecast, and acknowledged the turmoil in global financial markets. And in his assessment they came close, but did not quite close the door on a possible rate hike in March. In his view the economic and financial picture will have to improve significantly from where it is now for the FOMC to move ahead with another rate hike in March.”
Key Quotes
“He notes that they acknowledged the recent weakening of some key economic indicators, downgraded their inflation forecast, and acknowledged the turmoil in global financial markets. And in his assessment they came close, but did not quite close the door on a possible rate hike in March. In his view the economic and financial picture will have to improve significantly from where it is now for the FOMC to move ahead with another rate hike in March.”