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21 May 2014
All eyes on the FOMC minutes today – Danske Bank
FXStreet (Edinburgh) - Senior Analyst Kasper Kirkegaard at Danske Bank underlined the relevance of today’s FOMC minutes.
Key Quotes
“Tonight Fed will be in focus as Yellen, Kocherlakota and George will speak”.
“Minutes from the latest FOMC meeting are also published but we do not expect any major new information as there were only very few changes to the statement at the meeting last month”.
“We believe market pricing is looking stretched following the recent decline in money market rates and yields in the short end”.
“The market is now pricing the Fed funds rate to be 1.6% at the end of 2016 versus Fed's own median projection of 2.25%”.
Key Quotes
“Tonight Fed will be in focus as Yellen, Kocherlakota and George will speak”.
“Minutes from the latest FOMC meeting are also published but we do not expect any major new information as there were only very few changes to the statement at the meeting last month”.
“We believe market pricing is looking stretched following the recent decline in money market rates and yields in the short end”.
“The market is now pricing the Fed funds rate to be 1.6% at the end of 2016 versus Fed's own median projection of 2.25%”.