FOMC minutes to reinforce hawkish bias towards a 2015 lift-off – TDS

By FXStreet FXStreet (Delhi) – Paul Fage, Senior Emerging Markets Strategist at TD Securities, suggests that the minutes of the September FOMC meeting will be the key event for the day and the report should continue to reinforce the hawkish policy bias towards a 2015 lift-off in rates.

Key Quotes

“Our expectations is for the tone of the report to be relatively dovish, reflecting the concerns about the fallout on the growth and inflation outlook from the trifecta of weak energy prices, the strong dollar and the unsupportive global environment.”

“Fed District Presidents William (V, dove), Bullard (NV, hawk) and Kocherlakota (NV, dove) will be on the speaking circuit today, however, their remarks are likely to be a repeat of earlier comments.”
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Source:: FX Street