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4 Jul 2014
Fed meeting minutes in focus next week - ING
FXStreet (Łódź) - The ING team of analysts observe that next week there won't be much movement in terms of US economic data so market attention should focus on Fed communications.
Key quotes
"The minutes of the June FOMC meeting will be closely watched for hints on where policy bias is lying within the committee, with further colour likely to be provided by the five Fed speakers currently pencilled in."
"Our house view remains that the Fed’s asset purchase tapering will conclude in October, with the first rate hike coming in April 2015."
"The NFIB Small Business Optimism survey, the monthly budget statement and inventory numbers are the only potentially market-moving numbers being released and, even then, the reaction is likely to be limited."
Key quotes
"The minutes of the June FOMC meeting will be closely watched for hints on where policy bias is lying within the committee, with further colour likely to be provided by the five Fed speakers currently pencilled in."
"Our house view remains that the Fed’s asset purchase tapering will conclude in October, with the first rate hike coming in April 2015."
"The NFIB Small Business Optimism survey, the monthly budget statement and inventory numbers are the only potentially market-moving numbers being released and, even then, the reaction is likely to be limited."