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18 Mar 2015
Fed might lower the median ‘dot’ forecasts slightly - SG
FXStreet (Barcelona) - Alvin Tan of Societe Generale, comments on SG’s view regarding expectations surrounding today’s FOMC statement.
Key Quotes
“We expect the Fed to drop the "patient" terminology, but also to sweeten the pill by lowering the median "dot" forecasts slightly.”
“The Fed will basically try to slip in the message of incoming rate hikes as delicately as possible without upsetting the market too much.”
“We remain bullish the dollar medium-term given the still lagging expectation of a June rate hike. We are still particularly bearish AUD, NZD and CAD.”
Key Quotes
“We expect the Fed to drop the "patient" terminology, but also to sweeten the pill by lowering the median "dot" forecasts slightly.”
“The Fed will basically try to slip in the message of incoming rate hikes as delicately as possible without upsetting the market too much.”
“We remain bullish the dollar medium-term given the still lagging expectation of a June rate hike. We are still particularly bearish AUD, NZD and CAD.”