Royal Bank of Scotland out with a client note on USD 22 August 2016
The note comes courtesy of our friends at efxnews.com. .
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The minutes from the July FOMC meeting were less hawkish than the
market feared as the Committee was divided on the need for another
interest rate hike. It’s important to remember that the decision to act
will ultimately rest with Yellen and that there will be no rate hike
until she believes a rate hike is warranted.