Fed rate hike coming in Q3 2015? - BBH

By FXstreet.com | 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)."



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY Traders Await Clearer Guidance As A Doji Signals Hesitation
    Forex News

    USD/JPY Traders Await Clearer Guidance As A Doji Signals Hesitation

  2. USD/JPY is dancing around 107.00
    Forex News

    USD/JPY is dancing around 107.00

  3. USD/CAD Tests Critical Barrier As Intraday Dojis Denote Indecision
    Forex News

    USD/CAD Tests Critical Barrier As Intraday Dojis Denote Indecision

  4. NZD/USD Stalls At 0.8000 Barrier As A Doji Arises & Volume Fades
    Forex News

    NZD/USD Stalls At 0.8000 Barrier As A Doji Arises & Volume Fades

  5. EUR/USD sidelined above 1.2700
    Forex News

    EUR/USD sidelined above 1.2700

Trading Center