FXStreet (Guatemala) – Analysts at Rabobank are keen on the FOMC this week noting today’s durable goods orders.
Key Quotes:
“The Fed start chewing on their pencils today. Note the headline durable goods data were matched with a core measure that fell 0.1% vs. a +0.6% estimate, and the last six months now read: -0.1%; -0.3%; 0.2%; 1.0%; -2.3%; -0.5%; that’s a total change in the first half of 2015 of minus 2.0%.”
“Meanwhile, the Fed’s five-year forward measure of inflation, also dropped back again to 2.04%, the lowest since 1 June. If the Fed wants to continue to take the ‘glass half full’ view, a negative reaction from emerging markets can be expected to continue, especially with the Chinese engine clearly sputtering: that is a major concern in our increasingly-integrated global economy.”
(Market News Provided by FXstreet)