Views from a few major banks courtesy of our friends at
efxnews.com
Danske (out of consensus): We Stick To Our Call For No Fed Hikes This Year
Although the more hawkish statement puts pressure on our Fed call, we
stick to our view that the Fed will not hike this year, especially as
we think the Fed may be too optimistic about the current economic
situation given the weakness in ISM and retail sales, but it is a close
call. We have outlined our view in Presentation US: 10 reasons why we
believe the Fed will not hike this year, 14 September. However, incoming
data will be analysed thoroughly in coming months and we may see
markets react more to positive/negative data surprises. Also, in our
view, one should not be fooled about the Fed’s eagerness to hike as the
Fed has communicated an upcoming rate hike the whole year.
What can we expect now from the FOMC ? – Here’s a few thoughts from the banks
