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27 Jan 2016
FOMC looks like a non-event - Nomura
FXStreet (Guatemala) - Analysts at Nomura offered a preview for this week's FOMC meeting.
Key Quotes:
"FOMC meeting: We believe that the FOMC will wait until June before its next increase in short-term interest rates.
We do not think that the FOMC will change its policy language in its January statement and it is unlikely that it will say anything about its plans for March. We expect the Committee to acknowledge the risks to its outlook from tighter financial conditions, low oil prices and developments abroad.
This meeting will also feature new voting members for 2016. Regional Fed presidents Rosengren, Mester, George and Bullard will replace Evans, Williams, Lockhart and Lacker."
Key Quotes:
"FOMC meeting: We believe that the FOMC will wait until June before its next increase in short-term interest rates.
We do not think that the FOMC will change its policy language in its January statement and it is unlikely that it will say anything about its plans for March. We expect the Committee to acknowledge the risks to its outlook from tighter financial conditions, low oil prices and developments abroad.
This meeting will also feature new voting members for 2016. Regional Fed presidents Rosengren, Mester, George and Bullard will replace Evans, Williams, Lockhart and Lacker."