Saturday, March 21, 2015

- But she signaled clearly that as long as the monetary policy committee (FOMC) said they have pati


- But she signaled clearly that as long as the monetary policy committee (FOMC) said they have patience, they assume that it will go at least two meetings prior to an interest rate increase coming, autotalli writes Nordea in Wednesday's report.
- But she also said that when "patient" disappears from the FOMC sluttkommunikeer, so an increase could come at any meeting, autotalli ie that they do not necessarily want to wait one meeting, turn economists stuck.
Yellen pointed out that the labor market was improved but that there was still potential for further improvements, and that wage growth was still low even though it had come somewhat. So no clear clue about it being a first increase in June or September, we did not.
- Further said Yellen that if the economic situation continues to improve, something they wait, the FOMC begin to consider hikes at each meeting. It suggests that they will not start doing it. Still we keep a button on that initial interest rate increase comes in September, says Nordea.
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