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

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD reaction to Greece limited, upside potential ahead – Growth Aces

  2. Forex News

    EUR/JPY, EUR/USD Triangles Continue to Develop Downside Potential

  3. Forex News

    Outlook for FX majors – Littlefish FX

  4. Forex News

    EUR/USD recovers to 1.0690

  5. Forex News

    Grexit remains a concern – TradeTheNews

Trading Center