9 Jul 2014
Focus will be on FOMC minutes – Danske Bank
FXStreet (Edinburgh) - Morten Helt, Senior Analyst at Danske Bank, remarks today’s FOMC minutes as the main event of the week.
Key Quotes
“The main event is the release of the FOMC minutes from the 17-18 June meeting, when policy makers trimmed the bond purchase programme by USD10bn for the fifth consecutive gathering”.
“The statement from the meeting was judged as relatively dovish, albeit the projection for the leading Fed funds rate was revised slightly higher”.
“In particular, Janet Yellen downplayed the recent increase in inflation at the press briefing and it will be interesting to see whether this view is broadly shared by other FOMC members”.
Key Quotes
“The main event is the release of the FOMC minutes from the 17-18 June meeting, when policy makers trimmed the bond purchase programme by USD10bn for the fifth consecutive gathering”.
“The statement from the meeting was judged as relatively dovish, albeit the projection for the leading Fed funds rate was revised slightly higher”.
“In particular, Janet Yellen downplayed the recent increase in inflation at the press briefing and it will be interesting to see whether this view is broadly shared by other FOMC members”.