30 Jul 2015
FOMC getting closer on small detail - SG
FXStreet (Guatemala) - Analysts at Societe Generale explained yesterday's FOMC statement as being on the hawkish side.
Key Quotes:
"The latest FOMC statement was a teeny-weeny bit more hawkish than its predecessor, as long as you consider the reference to 'some more tightening' in the labour market being a pre- requisite for lift-off, than 'more tightening'. On such small details hangs market sentiment but we can conclude firstly that the first hike is getting closer, secondly that when it happens still depends on how data evolve."
Key Quotes:
"The latest FOMC statement was a teeny-weeny bit more hawkish than its predecessor, as long as you consider the reference to 'some more tightening' in the labour market being a pre- requisite for lift-off, than 'more tightening'. On such small details hangs market sentiment but we can conclude firstly that the first hike is getting closer, secondly that when it happens still depends on how data evolve."