Societe General after the FOMC decision
The FOMC voted 7-3 to keep rates on hold, deciding to wait for more data before raising rates. The chances of a single hike in 2016 coming in December have increased. The chances of rates getting above 2pct before the next recession were already remote and even the Fed’s ‘dot-plot’ projection is moving that way.
Fed’s ‘hawkish hold’; USD/JPY a buying opportunity with a tight stop at 99.00 – SocGen
ByAdam Button
Sep 22, 2016