12 Jun 2015
Credit Agricole: June FOMC preview – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes Credit Agricole sees the June FOMC meeting signalling for a September rate lift-off.
Key Quotes
“We believe the Fed is close to meeting its employment mandate. However, the Fed is likely to require more evidence before being reasonably confident that inflation will rise towards its 2% objective over the medium term.”
“Assessing the transitory impacts on growth and the economy’s underlying momentum will require more time. However, we believe that the FOMC will see evidence that the conditions for lift-off have been met by the September FOMC meeting.”
“The updated Summary of Economic Projections (SEP) will likely lower GDP growth projections for 2015 in light of the Q1 GDP contraction.”
“We believe most Fed officials expect to begin hiking rates this year. The year-end 2016 median fed funds rate projection may come in slightly below the March projections.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“We believe the Fed is close to meeting its employment mandate. However, the Fed is likely to require more evidence before being reasonably confident that inflation will rise towards its 2% objective over the medium term.”
“Assessing the transitory impacts on growth and the economy’s underlying momentum will require more time. However, we believe that the FOMC will see evidence that the conditions for lift-off have been met by the September FOMC meeting.”
“The updated Summary of Economic Projections (SEP) will likely lower GDP growth projections for 2015 in light of the Q1 GDP contraction.”
“We believe most Fed officials expect to begin hiking rates this year. The year-end 2016 median fed funds rate projection may come in slightly below the March projections.”
This content has been provided under specific arrangement with eFXnews.