FOMC Minutes: Fed En-Route To Hike In June & September – SEB

SEB Research comments on today’s FOMC minutes from the May-3rd meeting. 

“Today’s minutes provides a description of an operational approach to reduce the size of the balance sheet that “nearly all policymakers expressed a favourable view of”. The proposal means that a set of gradually increasing caps (limits) on the dollar amounts of Treasury and mortgage backed securities that would be allowed to run off each month will be announced,” SEB notes. 

“….To summarize our assessment of the minutes, we stick to our forecast that the Fed will hike rates in June and September.

Market pricing did not change much after publication of the minutes and still suggests a very high probability of a rate hike. The most interesting aspect of the minutes was the description of the approach to reduce the balance sheet. December still looks like a probable starting point,” SEB argues.

Source: SEB Research

The article is published by one of the foremost sources of Forex trading information. Link to the original article above.

from eFXNews http://feedproxy.google.com/~r/Efxnews/~3/hoSSeWbMxNA/fomc-minutes-fed-en-route-hike-june-september-seb

from Online Forex Trading Resource
View thesource article here

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s