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29 Jul 2014
FOMC not going to give us more - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman is expecting a non event from the FOMC this time around.
Key Quotes
"Despite the active US diary next week, the risk is we do not learn much new and that which we do learn is disappointing. Given Yellen's recent testimony before Congress and the absence of updated forecasts and a press conference, the FOMC meeting is likely to be a non-event."
"Minor tweaks in the statement and another $10 bln in tapering is expected. No more and no less."
Key Quotes
"Despite the active US diary next week, the risk is we do not learn much new and that which we do learn is disappointing. Given Yellen's recent testimony before Congress and the absence of updated forecasts and a press conference, the FOMC meeting is likely to be a non-event."
"Minor tweaks in the statement and another $10 bln in tapering is expected. No more and no less."