Economic
Research
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30 October 2014
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US
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Economic
Highlights
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The
decision to wrap-up asset purchases this month and maintain the existing
reinvestment policy at the Oct 28-29 Federal Open Market Committee (FOMC)
meeting was in-line with our expectations and broadly consistent with prior
Fed communiqué. On balance, the phraseology and tone of the post-meeting
statement, however, seem to have pacified the more hawkish wing of the FOMC.
Overall, the changes in the statement do not warrant revisiting our Fed
policy call at this time. We continue to expect the first hike in policy
rates to occur at the Jul 2015 meeting.
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Thursday, October 30, 2014
RHB | United States | Don’t Get Carried Away …
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