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28 Jan 2015
BNP Paribas: Fed retaining its December’s view might boost USD – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares BNP Paribas’ expectations for today’s FOMC statement.
Key Quotes
“BNP Paribas economics team is looking for Wednesday’s FOMC statement to closely resemble what was communicated back in December, with the Committee consensus looking beyond recent oil-fuelled drops in headline inflation and holiday distorted weakness in earnings.”
“Confirmation that the FOMC has not changed its view since December should allow markets to rebuild Fed rate hike expectations, supporting the USD,"
“We are particularly focused on upsides prospects for USDJPY and USDCHF this week. The risk scenario for our view would be some evidence of increased Fed concern with falling headline inflation rates or, more significantly, some reference to the disinflationary impact of USD strength.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“BNP Paribas economics team is looking for Wednesday’s FOMC statement to closely resemble what was communicated back in December, with the Committee consensus looking beyond recent oil-fuelled drops in headline inflation and holiday distorted weakness in earnings.”
“Confirmation that the FOMC has not changed its view since December should allow markets to rebuild Fed rate hike expectations, supporting the USD,"
“We are particularly focused on upsides prospects for USDJPY and USDCHF this week. The risk scenario for our view would be some evidence of increased Fed concern with falling headline inflation rates or, more significantly, some reference to the disinflationary impact of USD strength.”
This content has been provided under specific arrangement with eFXnews.