18 May 2015
FOMC minutes: Expect a dovish tone - TDS
FXStreet (Guatemala) - Analysts at TD Securities noted that on Wednesday 20th May, markets will be watching the FOMC minutes.
Key Quotes:
"The tone should be dovish, reflecting the Fed’s concern at the time about the weak growth and inflationary backdrop owing to the strong dollar."
"The market will be particularly interested in the discussions surrounding the timing for rate hikes."
"While we expect the Fed to keep all options on the table, we expect the balance of risks to shift in favour of a later start to liftoff than the previous June bias, but still solidify market expectations for a Sep/Oct bias."
Key Quotes:
"The tone should be dovish, reflecting the Fed’s concern at the time about the weak growth and inflationary backdrop owing to the strong dollar."
"The market will be particularly interested in the discussions surrounding the timing for rate hikes."
"While we expect the Fed to keep all options on the table, we expect the balance of risks to shift in favour of a later start to liftoff than the previous June bias, but still solidify market expectations for a Sep/Oct bias."