FXStreet (Edinburgh) – According to analysts at UOB Group, a rate hike by the Fed in September remains ‘on the table’.
Key Quotes
“The July FOMC did not materially change market’s expectation for a September FOMC rate hike. Based on trading in futures and options data compiled by Bloomberg as of 29 July after the release of the FOMC statement, the probability of a Fed liftoff by September increased marginally to 38.6% from 38% (on 28 Jul) while a December increase rose a bit to 69.7% from 69.4% (on 28 Jul)”.
“The July FOMC does not change our expectation for a Fed rate hike of 25 bps in September FOMC”.
“The next immediate key data that could shape Fed rate hike expectations is the first estimate of US 2Q 2015 GDP on 30 July 2015”.
(Market News Provided by FXstreet)