Thursday, October 30, 2014

RHB | United States | Don’t Get Carried Away …


Economic Research
30 October 2014
US

Economic Highlights





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.


Economist:  Thomas Lam  | +65 6533 0389

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