Analysts at Rabobank explained that today’s developments support their Fed call of two hikes in 2016, which we expect in June and December.
Key Quotes:
“The dot plot is now in line with our forecast of two hikes in 2016. Esther George’s dissent suggests that the hawks are getting impatient and have started pushing for a rate hike. Although Yellen said that April is a live meeting, we doubt that the doves will be ready for a rate hike within the next six weeks. However, by June there may very well be a majority for a hike.”
(Market News Provided by FXstreet)
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