Back
16 Mar 2015
FOMC's forward guidance expectations - Nomura
FXStreet (Guatemala) - Nomura's global Market research recently released their outlook for this week's FOMC and commented with expectations around the forward guidance.
Key Quotes:
"We expect the FOMC to remove the reference to being “patient in beginning to normalize the stance of monetary policy” from its post-meeting statement. A wide range of FOMC participants, including Vice Chair Fischer, have indicated that they believe it may be appropriate to raise their target for the federal funds rate at the meeting in June."
"Chair Yellen has said that the FOMC’s reference to being “patient” implies that the FOMC does not expect to raise rates for the “next couple of meetings.” Therefore, if the FOMC wants to consider raising rates in June, it would need to remove “patient” from the statement next week."
Key Quotes:
"We expect the FOMC to remove the reference to being “patient in beginning to normalize the stance of monetary policy” from its post-meeting statement. A wide range of FOMC participants, including Vice Chair Fischer, have indicated that they believe it may be appropriate to raise their target for the federal funds rate at the meeting in June."
"Chair Yellen has said that the FOMC’s reference to being “patient” implies that the FOMC does not expect to raise rates for the “next couple of meetings.” Therefore, if the FOMC wants to consider raising rates in June, it would need to remove “patient” from the statement next week."