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11 Mar 2015
Sep hike from Fed? - TDS
FXStreet (Guatemala) - Richard Kelly, Head of Global Strategy at TD Securities explained that the Fed is not-so-patient.
Key Quotes:
"We are still very comfortable with a September start to hiking, and so while we disagree with the market trying to price in a June probability, even Janet Yellen will have a hard time doving up a message while the Fed drops “patience” from the script next week. Sep15 fed funds futures could price in 5-10bps more in tightening when all is said and done.”
Key Quotes:
"We are still very comfortable with a September start to hiking, and so while we disagree with the market trying to price in a June probability, even Janet Yellen will have a hard time doving up a message while the Fed drops “patience” from the script next week. Sep15 fed funds futures could price in 5-10bps more in tightening when all is said and done.”