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16 Sep 2015
FOMC: 55/45% no change - Societe Generale
FXStreet (Guatemala) - Kit Juckes, macro economist at Societe Generale noted the FOMC forthcoming and likelihood of a no change outcome.
Key Quotes:
"The most recent FOMC survey shows 55% looking for no change and 45% looking for a hike, but that probably understates the shift in opinion, as those looking for ‘no change’ are more convinced of their case than those expecting a hike."
"That would not be a surprise given the long wait for a move and is consistent with the contrast between surveys and market pricing."
Key Quotes:
"The most recent FOMC survey shows 55% looking for no change and 45% looking for a hike, but that probably understates the shift in opinion, as those looking for ‘no change’ are more convinced of their case than those expecting a hike."
"That would not be a surprise given the long wait for a move and is consistent with the contrast between surveys and market pricing."