16 Feb 2015
FOMC to reveal concerns for global economy? - DB
FXStreet (Guatemala) - Joseph LaVorgna, Chief US Economist at Deutsche Bank explained that this week's FOMC minutes will be very important.
Key Quotes:
Because they will give us a better sense of how worried the Fed is about the global economy and the prospect of further disinflation. The minutes could also serve as a preview of what Chair Yellen will say at “Humphrey-Hawkins” on February 24 and February 25."
"Remember that the FOMC did not have the robust January employment report when it met last month, so if the meeting minutes sound upbeat on growth, we should assume that monetary policymakers will be even more impressed with the economy now. The upshot is that Yellen could be relatively bearish for rates (i.e., bullish on growth) when she testifies."
Key Quotes:
Because they will give us a better sense of how worried the Fed is about the global economy and the prospect of further disinflation. The minutes could also serve as a preview of what Chair Yellen will say at “Humphrey-Hawkins” on February 24 and February 25."
"Remember that the FOMC did not have the robust January employment report when it met last month, so if the meeting minutes sound upbeat on growth, we should assume that monetary policymakers will be even more impressed with the economy now. The upshot is that Yellen could be relatively bearish for rates (i.e., bullish on growth) when she testifies."