Fed up of waiting – Investec

Research Team at Investec, notes that the decent US Industrial production, US housing starts, and on-expectation core CPI Inflation didn't stop the US Dollar losing ground in the afternoon, although the greenback has managed to firm overnight during Asian trade.

Key Quotes

“Yesterday was also notable for hawkish Fed rhetoric, with Fed Presidents Lockhart and Williams both more bullish on the Fed's rate path than current market expectations of only 1 hike over the next year, by saying 2-3 hikes this year are possible. Fed voter Dudley had a similar message the other week as well. The last time Fed members sounded so hawkish, Fed Chair Yellen cooled expectations with her dovish tone. Will tonight's FOMC minutes do just that?”