FOMC to be cautious on further rate hikes - Bank of Tokyo-Mitsubishi UFJ

Derek Halpenny, European Head of GMR at Bank of Tokyo-Mitsubishi UFJ, expects the FOMC to be cautious on further rate hikes in early 2018.  

Key Quotes

"We believe we are unlikely to see any dramatic improvement in the flow of economic data in the coming months which if accompanied with more of the same on the inflation side is likely to result in the FOMC being cautious on adding to the five rate hikes already implemented – reason for us to maintain our view of further dollar weakness over the coming months."