26 Jan 2015
The FOMC is expected to stay put – UOB Group
FXStreet (Edinburgh) - Analysts at UOB Group do not expect any relevant announce on Wednesday by the FOMC, while they point to the first rate hike in Q2 2015.
Key Quotes
“Central bank monetary policy decisions continue to take the spotlight this upcoming week with the US Fed Reserve’s first FOMC meeting for 2015 on 27-28 January which is without any updated Summary of Economic Projections or scheduled press conference by Janet Yellen”.
“We do not expect any key announcement out from the Fed this week”.
“Instead, we continue to expect the Fed rate normalization to take place in 2Q-2015 (possibly starting in the 16-17 June 2015 FOMC) bringing the FFTR to 1.25% by end-2015, and to 3.25% by end-2016”.
“We still cannot fully rule out a 1Q rate hike surprise even as we have not changed our Fed rate normalization timetable”.
“We do see the possibility that the Fed being increasingly torn between strong jobs data with a potentially steep decline in headline inflation on the back of a plunge in oil prices”.
Key Quotes
“Central bank monetary policy decisions continue to take the spotlight this upcoming week with the US Fed Reserve’s first FOMC meeting for 2015 on 27-28 January which is without any updated Summary of Economic Projections or scheduled press conference by Janet Yellen”.
“We do not expect any key announcement out from the Fed this week”.
“Instead, we continue to expect the Fed rate normalization to take place in 2Q-2015 (possibly starting in the 16-17 June 2015 FOMC) bringing the FFTR to 1.25% by end-2015, and to 3.25% by end-2016”.
“We still cannot fully rule out a 1Q rate hike surprise even as we have not changed our Fed rate normalization timetable”.
“We do see the possibility that the Fed being increasingly torn between strong jobs data with a potentially steep decline in headline inflation on the back of a plunge in oil prices”.