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#1 09-11-2018 11:15:53

johnedward
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Fed: RBC bank believes the FOMC will not slow down its rate hike cycle

Fed: RBC bank believes the FOMC will not slow down its rate hike cycle


http://www.forex-central.net/forum/userimages/RBC-logo.jpg


In a note released today, RBC details its analysis of the Fed statement released last night:

"The FOMC meeting last night was quite simple: no rate hike, and very little change in the monetary policy statement.

The Fed has taken note of the decline in the unemployment rate over the last two months, and noted the decline in business investment during Q3.

Apart from this, the Fed's statement has been unchanged, and the Fed has again confirmed its intention to raise rates for the fourth time this year in December.

We expect little reason for the Fed to slow down its monetary tightening cycle, even if the key rate is close to what the market believes is "neutral".

With unemployment at its lowest point in 50 years and the economy still showing dynamic growth, we believe that inflation risks remain on the upside.
"


"Anything worth having is worth going for - all the way." - J.R. Ewing

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