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29 Oct 2014
Market balanced to a dovish FOMC - TDS
FXStreet (Guatemala) - Analysts at TD Securities explained that this FOMC meeting should mark the end of the QE3 program.
Key Quotes:
“However, with domestic economic growth momentum beginning to leak lower, and the medium term outlook for the recovery and inflation becoming less certain, we expect the statement to be tweaked sufficiently to reflect a more dovish bias towards the near term monetary policy stance”.
“The risk, however, is that the statement fails to live up to the overly dovish tone that the market may be expecting”.
Key Quotes:
“However, with domestic economic growth momentum beginning to leak lower, and the medium term outlook for the recovery and inflation becoming less certain, we expect the statement to be tweaked sufficiently to reflect a more dovish bias towards the near term monetary policy stance”.
“The risk, however, is that the statement fails to live up to the overly dovish tone that the market may be expecting”.