30 Oct 2013
Flash: No suspense from the FOMC - BBH
FXstreet.com (London) - Research teams noted that the meeting today no longer holds much suspense for the markets.
Key Quotes:
“The weak September jobs data has been followed by mixed real sector data and lower than expected PPI readings, so we see little risk of the Fed changing its messaging at this meeting”.
“We believe the dollar’s recent gains will most likely start to erode after the Fed delivers a “steady as she goes” decision today”.
“Market expectations for tapering are being pushed out to Q1 2014. There is no press conference after this meeting, limiting the potential for market-moving (mis)communications”.
“The December 17/18meeting, however, will have a press conference as well as updated economic projections”.
Key Quotes:
“The weak September jobs data has been followed by mixed real sector data and lower than expected PPI readings, so we see little risk of the Fed changing its messaging at this meeting”.
“We believe the dollar’s recent gains will most likely start to erode after the Fed delivers a “steady as she goes” decision today”.
“Market expectations for tapering are being pushed out to Q1 2014. There is no press conference after this meeting, limiting the potential for market-moving (mis)communications”.
“The December 17/18meeting, however, will have a press conference as well as updated economic projections”.