JPMorgan Now Sees First Fed Rate Hike in June vs 3Q 2015
2014-09-12 17:52:57.298 GMT
By James Holloway
Sept. 12 (Bloomberg) -- Sees 25bps increase in Fed funds
corridor to 25bps-50bps, subsequent moves in Sept. and Dec.
bringing corridor to 75bps-100bps by end of 2015, chief U.S.
economist Michael Feroli writes in client note.
* At next week’s meeting, FOMC will likely drop
“considerable time” language; Fed speakers have recently
highligted “increasing discomfort” with phrase, “as it
risks lulling the market into a sense of complacency”
* Fed will also probably provide a “broad outline” of exit
strategy
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jholloway8@bloomberg.net
2014-09-12 17:52:57.298 GMT
By James Holloway
Sept. 12 (Bloomberg) -- Sees 25bps increase in Fed funds
corridor to 25bps-50bps, subsequent moves in Sept. and Dec.
bringing corridor to 75bps-100bps by end of 2015, chief U.S.
economist Michael Feroli writes in client note.
* At next week’s meeting, FOMC will likely drop
“considerable time” language; Fed speakers have recently
highligted “increasing discomfort” with phrase, “as it
risks lulling the market into a sense of complacency”
* Fed will also probably provide a “broad outline” of exit
strategy
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
James Holloway at +1-212-617-4454 or
jholloway8@bloomberg.net