Monday, June 19, 2017

Recent FoMC meeting suggests a more hawkish Fed (than what markets expected) that seems determined t





FX Weekly
by Saktiandi Supaat


FX Research





Recent FoMC meeting suggests a more hawkish Fed (than what markets expected) that seems determined to normalize monetary policy. Fed retained its forward guidance and detailed balance sheet reduction plans. Fed Chair Yellen’s dismissal of the moderation in price pressures as transitory and believes that the tightness in labor market should translate into higher wage cost going forward. We believe upside surprise to US data should make the case for vols to rise and financial conditions to tighten

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