20 Jan 2014
Flash: Fed to continue its tapering despite poor NFP’s - BBH
FXstreet.com (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted a continuation in the tapering strategy despite Non Farm Payroll’s disappointments.
Key Quotes:
"The Federal Reserve will continue its tapering strategy outlined by the FOMC last month. The wobble in opinion caused by the unexpectedly poor December jobs report has been largely shrugged off."
"The Beige Book upgraded its assessment of US growth and recent data have spurred economist to revise up Q4 GDP forecasts, with many coming in around 3% now. Early survey data for January suggests the momentum has carried over."
Key Quotes:
"The Federal Reserve will continue its tapering strategy outlined by the FOMC last month. The wobble in opinion caused by the unexpectedly poor December jobs report has been largely shrugged off."
"The Beige Book upgraded its assessment of US growth and recent data have spurred economist to revise up Q4 GDP forecasts, with many coming in around 3% now. Early survey data for January suggests the momentum has carried over."