6 Apr 2015
FOMC expected to be on the dovish side – TDS
FXStreet (Edinburgh) - Strategists at TD Securities believe the FOMC minutes due on Wednesday could be tilted to the dovish camp.
Key Quotes
“We think that the minutes from the 18 March meeting could end up coming across as more dovish”.
“They would highlight a lot of the discussion around the impact of the stronger dollar and could reflect a Fed that's concerned that a strong USD could be negatively impacting growth more than they had pencilled in”.
“The key point will be what the motivating factors were for the downward revisions to growth, inflation, and especially NAIRU”.
“If there were more growth worries than the Fed initially led on, that could be quite revealing”.
Key Quotes
“We think that the minutes from the 18 March meeting could end up coming across as more dovish”.
“They would highlight a lot of the discussion around the impact of the stronger dollar and could reflect a Fed that's concerned that a strong USD could be negatively impacting growth more than they had pencilled in”.
“The key point will be what the motivating factors were for the downward revisions to growth, inflation, and especially NAIRU”.
“If there were more growth worries than the Fed initially led on, that could be quite revealing”.