Fed officials agree to lift in Dec – BNPP

By FXStreet FXStreet (Guatemala) – Analysts at BnB Paribas noted that this week was full of speeches from Fed officials. More or less explicitly, they seem to agree on lifting rates in December.

Key Quotes:

“The start of the cycle getting closer and becoming a nonissue, Fed officials are back on emphasising their expectations of a very gradual path.

The dots – projections for the Fed Fund Target from FOMC members – provide a clear illustration of the message: monetary policy will keep on providing the necessary support for a prolonged period.

However, the current level of accommodation has to be downsized: failing to do so would ultimately be causing risks on the economic outlook and the financial stability.”
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Source:: FX Street