+------------------------------------------------------------------------------+
BFW 05/08 14:12 FOMC Not Likely to Move in June, Seen Lifting Rates in Sept.: DB BFW 04/08 14:10 FOMC Not Likely to Raise Rates in June After Weaker 1Q Data: DB BFW 02/17 18:34 FOMC’s Jan. Minutes May Be ‘Primer’ for Yellen Testimony: DB
+------------------------------------------------------------------------------+
FOMC Minutes to Show Officials in No Rush to Raise Rates: DB 2015-07-07 17:53:01.340 GMT
By Vivien Lou Chen (Bloomberg) -- Minutes of FOMC’s June mtg should largely reflect balanced tone of statement, Deutsche Bank economist Joseph LaVorgna writes in note.
* Possible there’s more detailed discussion of international developments, given escalating situation in Greece * This might be interpreted “positively” by financial mkts, meaning Fed will stay on hold longer * Even if economic data warrants rate increase or two, Fed may worry about spillover from Greece on global financial mkts * DB says U.S. fundamentals warrant “modestly” higher rates, yet Fed is worried about tightening too soon * “We would be much more confident” about Sept. liftoff if there were clear signs of rising wage pressures * “May be premature to count out 2015 liftoff just yet”
For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>
To contact the reporter on this story: Vivien Lou Chen in San Francisco at +1-415-617-7078 or vchen1@bloomberg.net To contact the editors responsible for this story: James Holloway at +1-212-617-4454 or jholloway8@bloomberg.net Vivien Lou Chen