Fed: Still poised towards 2015 lift-off – Westpac

FXStreet (Delhi) – Sean Callow, Research Analyst at Westpac, suggests that the US Fed is still aiming for 2015 lift-off as data seems to be largely supportive.

Key Quotes

“The USD and US yields both built on earlier gains, Fed Chair Yellen’s clear signal that the Fed still intends to lift rates by year’s end the main driver.”

“Upward revisions to Q2 US GDP, now seen at 3.9% from a prior estimate of 3.7%, along with a better than expected update from the University of Michigan consumer sentiment gauge also helped the USD.”

“The US dollar built on earlier gains driven by Chair Yellen’s clear signal that the Fed still intends to lift rates by year’s end as one time factors holding back inflation such as oil and the USD dissipate.”

Sean Callow, Research Analyst at Westpac, suggests that the US Fed is still aiming for 2015 lift-off as data seems to be largely supportive.

(Market News Provided by FXstreet)