Fed rate hike coming in Q3 2015? - BBH

By FXstreet.com | Updated August 26, 2014 AAA

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman suggested that the consensus continues to be for the first Fed rate hike in Q3 next year.



Key Quotes



"A CNBC poll conducted prior to the Jackson Hole gathering found that expectations had been pushed into July from August."



"In talking with clients, it seems that many are looking beyond the time of the first hike, and are thinking more about the terminal rate for Fed funds in the coming cycle. Many seemed to think that it may peak below CPI (~2.25%)."



"However, the CNBC poll found a consensus for a 3.16% peak in Q4 2017. This compares with a 5.25% peak in Fed funds in the last cycle (2004-2006)."



You May Also Like

Related Forex Analysis
  1. Forex News

    US Data that compromises rate hike - BBH

  2. Forex News

    FOMC in focus this week - Rabobank

  3. Forex News

    EUR/USD little upward risk below 1.1290 – FXStreet

  4. Forex News

    EUR/USD advances further, points to 1.1300

  5. Forex News

    EUR/USD bounce may hinge on Fed – TDS

Trading Center