FOMC minutes call for 2 hikes in 2016- Rabobank

By FXStreet Analysts at Rabobank offered their conclusions of the FOMC minutes.

Key Quotes:

“The minutes support our call for 2 hikes this year, as well as our forecast for the first to take place in June.

(We expect the second of the year in December.) Therefore, we stick to our June forecast, but we also like to point out that the primary downside risk to our forecast lies in the Employment Report for May.

An inconclusive report may elevate the risks that are still in the minds of the Committee.

If US economic momentum appears to be fragile, then concerns about China, and the implications of a possible Brexit could weigh more heavily on the minds of the Fed.”
For more information, read our latest forex news. …read more

Source:: FX Street