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17 Dec 2015
The Fed awakens – ANZ
FXStreet (Delhi) – Research Team at ANZ, notes that the US Fed tightened policy for the first time in nearly a decade and the decision was unanimous.
Key Quotes
“The Fed’s forecast for the policy path is little changed, but there is greater consensus among policy members about that path.”
“The fear of the first hike should now give way to more reasoned analysis. Markets are not priced for strong US data over the next few months.”
“Based on recent inflation dynamics we expect the next hike to come in Q2 2016. We anticipate a more gradual tightening cycle than the Fed, but steeper than the market.”
Key Quotes
“The Fed’s forecast for the policy path is little changed, but there is greater consensus among policy members about that path.”
“The fear of the first hike should now give way to more reasoned analysis. Markets are not priced for strong US data over the next few months.”
“Based on recent inflation dynamics we expect the next hike to come in Q2 2016. We anticipate a more gradual tightening cycle than the Fed, but steeper than the market.”