FXStreet (Bali) – According to Jens Nordvig, FX Strategist at nomura, Wednesday’s minutes finally seemed to provide a clear hint that September is no longer a 50/50 event.
Key Quotes
One key sentence in the minutes said: “The Committee agreed to continue to monitor inflation developments closely, with almost all members indicating that they would need to see more evidence that economic growth was sufficiently strong and labor markets conditions had firmed enough for them to feel reasonably confident that inflation would return to the Committee’s longer-run objective over the medium term.”
“This did not sound like a Fed on auto-pilot to hike imminently (as indicated recently by Mr. Lockhart). In addition, the majority of the information we have received since the July FOMC meeting has been of a type that should generate caution.”
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