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19 Sep 2013
Flash: October meeting too soon? - BBH
FXstreet.com (London) - Research teams explain the Feds decision remains data dependent for next time.
Key Quotes:
"...We warn that the tapering decision has simply been pushed out a few months into the future. Given the emphasis the Fed put on the risks of higher US rates to the economic outlook, we think that the October 29/30 meeting is too soon to see any material change in the US outlook. That leaves the December 17/18 meeting, and will be very data dependent.
Key Quotes:
"...We warn that the tapering decision has simply been pushed out a few months into the future. Given the emphasis the Fed put on the risks of higher US rates to the economic outlook, we think that the October 29/30 meeting is too soon to see any material change in the US outlook. That leaves the December 17/18 meeting, and will be very data dependent.