19 Jun 2014
BoE vs FOMC – BBH
FXStreet (Guatemala) - The global strategy team at Brown Brothers Harriman summed up the difference between the FOMC and BoE.
Key Quotes:
“The main take away from the FOMC meeting is that the Federal Reserve is not the Bank of England”.
“Hawkish comments by top BOE officials--not just Governor Carney--are encouraging investors to bring forward the beginning of a normalization of monetary policy and a tightening cycle, no matter how gradual”.
“In contrast, the Federal Reserve stuck to its course, despite the recent pick up in inflation and the improvement in the labor market”.
Key Quotes:
“The main take away from the FOMC meeting is that the Federal Reserve is not the Bank of England”.
“Hawkish comments by top BOE officials--not just Governor Carney--are encouraging investors to bring forward the beginning of a normalization of monetary policy and a tightening cycle, no matter how gradual”.
“In contrast, the Federal Reserve stuck to its course, despite the recent pick up in inflation and the improvement in the labor market”.