Fed will hike this year – BNP

By FXStreet Analysts at BNP Paribas explained that the Fed remains inclined to normalise policy as quickly as possible–particularly in order to rebuild its ammunition–but it may leave rates unchanged in the next FOMC meeting for the sake of caution.

Key Quotes:

“In any event, that seemed to be the approach in January: “Several participants noted that monetary policy was less well positioned to respond effectively to shocks that reduce inflation or real activity than o upside shocks, and that waiting for additional information regarding the underlying strength of economic activity and prospects for inflation before taking the next step to reduce policy accommodation would be prudent.””
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Source:: FX Street