28 Apr 2015
FOMC not expected to signal significant shifts in policy - Nomura
FXStreet (Bali) - According to Nomura's North American Economists, the Fed is not expected to signal significant shifts in its policy expectations at its meeting this week.
Key Quotes
"We do not expect the FOMC to signal significant shifts in its policy expectations at its meeting this week. After the major changes made at its meeting in March—just 5 1/2 weeks ago—the amount of new information that the Committee has to digest is relatively modest."
"Moreover, recent statements by FOMC officials do not suggest major shifts in their expectations, and preferences, for the path of policy. That said, the data that have come in, particularly for the labor market, have been less positive. The FOMC’s statement is likely to acknowledge this deterioration."
"Nonetheless, financial markets have been relatively stable since the March FOMC meeting. We do not expect the Committee to suggest that the recent weakness in economic data has had a notable impact on its medium-term outlook for the economy and policy."
Key Quotes
"We do not expect the FOMC to signal significant shifts in its policy expectations at its meeting this week. After the major changes made at its meeting in March—just 5 1/2 weeks ago—the amount of new information that the Committee has to digest is relatively modest."
"Moreover, recent statements by FOMC officials do not suggest major shifts in their expectations, and preferences, for the path of policy. That said, the data that have come in, particularly for the labor market, have been less positive. The FOMC’s statement is likely to acknowledge this deterioration."
"Nonetheless, financial markets have been relatively stable since the March FOMC meeting. We do not expect the Committee to suggest that the recent weakness in economic data has had a notable impact on its medium-term outlook for the economy and policy."