14 Sep 2015
Downside shift in dot-plot - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank noted key factor that go against a Sep hike.
Key Quotes:
"Given the absence of wage pressures despite unemployment reaching the Fed’s implicit target, we expect further downward revisions of the FOMC’s implicit unemployment target in the next 12 months, possibly as soon as this month.
Given the deteriorating inflation outlook, the absence of wage pressures, and the uneven and fragile economic recovery we expect further downward shifts in the dot plot in the coming years, probably as soon as this month."
Key Quotes:
"Given the absence of wage pressures despite unemployment reaching the Fed’s implicit target, we expect further downward revisions of the FOMC’s implicit unemployment target in the next 12 months, possibly as soon as this month.
Given the deteriorating inflation outlook, the absence of wage pressures, and the uneven and fragile economic recovery we expect further downward shifts in the dot plot in the coming years, probably as soon as this month."