A rate hike in September appears more likely – BBH

FXStreet (Edinburgh) – The Research team at BBH exposed its views on the upcoming FOMC meeting and the likeliness of a Fed’s lift-off in September.

Key Quotes

“We regard the statement as the clearest signal from the Fed’s leadership”.

“The minutes and forecasts have more noise as the underlying signal is obscured by the cacophony of views and interpretations”.

“Yellen has ushered the Fed from its date dependent guidance to a data focus. There is no reason to abandon this and tip its hand”.

“There are still two employment reports to be seen before the September meeting. By our calculations, the September Fed funds futures contract is pricing in roughly a 50% chance of a September. We would attribute somewhat higher odds”.

The Research team at BBH exposed its views on the upcoming FOMC meeting and the likeliness of a Fed’s lift-off in September…

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