Fed: Widespread expectations for steady policy - Rabobank

Jane Foley, Senior FX Strategist at Rabobank, suggests that the recent poor spate of US economic data has driven home the widespread expectations for steady policy from the Federal Reserve on April 27.

Key Quotes

“That said, US labour market data have been buoyant and core CPI inflation has ticked higher suggesting that the policy statement could uncover a less dovish outlook. Although the market is suggesting a less than 20% chance of June Fed rate hike, the Reuters survey indicates that a move is favoured by economists (including ourselves).”