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18 Sep 2014
It was a hawkish dot plot from the FOMC- Rabobank
FXStreet (Guatemala) - Analysts at Rabobank exclaimed that today’s hawkish signal came from the dot plot, not from the statement.
Key Quotes:
“The fed funds rate projections for 2015 and 2016 were revised upward, but the FOMC repeated that there will be ‘considerable time’ between the end of QE3 and the start of the hiking cycle”.
“Meanwhile, as widely expected, the Fed’s asset purchases will be slowed down to $15bn in October, from $25bn this month”.
Key Quotes:
“The fed funds rate projections for 2015 and 2016 were revised upward, but the FOMC repeated that there will be ‘considerable time’ between the end of QE3 and the start of the hiking cycle”.
“Meanwhile, as widely expected, the Fed’s asset purchases will be slowed down to $15bn in October, from $25bn this month”.