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6 Feb 2015
Fed mid-year rate lift-off still in play – BBH
FXStreet (Barcelona) - The Brown Brothers Harriman Team views that the recent US data should encourage the Fed to hike rates around mid-year 2015.
Key Quotes
“The pendulum of expectations is pushing back toward our view of a mid-year rate hike. We would subjectively attribute about an 80% chance, with the remaining 20% in September.”
“The Fed delayed the tapering by a couple of months from when it had appeared to signal it.”
“We could expect the forward guidance at the March FOMC meeting to shift, and the "patience" diluted to something more data-centric.”
Key Quotes
“The pendulum of expectations is pushing back toward our view of a mid-year rate hike. We would subjectively attribute about an 80% chance, with the remaining 20% in September.”
“The Fed delayed the tapering by a couple of months from when it had appeared to signal it.”
“We could expect the forward guidance at the March FOMC meeting to shift, and the "patience" diluted to something more data-centric.”