Yellen makes Dec seem on the cards – ANZ

FXStreet (Guatemala) – Analysts at ANZ noted that Chair Yellen made the case for a December rate hike.

Key Quotes:

“Noting “were the FOMC to delay the start of policy normalisation for too long, we would likely end up having to tighten policy relatively abruptly to keep the economy from significantly overshooting both of our goals”.

Atlanta Fed President Lockhart stated that the case for a rate rise in December is “compelling”. He didn’t think it was helpful to consistently surprise markets, when their expectations are high with good reasons.”

Analysts at ANZ noted that Chair Yellen made the case for a December rate hike.

(Market News Provided by FXstreet)