Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Fed meeting minutes may well strike hawkish tone, says strategist

Wednesday, February 22, 2017 7:16
% of readers think this story is Fact. Add your two cents.

Headline: Bitcoin & Blockchain Searches Exceed Trump! Blockchain Stocks Are Next!

Investor eyes are firmly on the publication of the FED minutes later with all bets off on whether a rate rise across the pond is on the cards.

In a broad ranging interview segment, which considers US data and other corporate offerings, Mike Ingram, a strategist at brokerage BGC Partners, tells Tips TV that the tone of the FOMC may well be hawkish, but notes that we have been here before.

The Fed has cried wolf on rates many time before and nothing has come of it, he suggests.

“The voting members (of the Federal Open Market Committee) are much more dovish than the broader FOMC so it’s very likely that the tone might be quite hawkish and we’ve seen very recently Janet Yellen  giving testimony to Congress,” he says.

“Last week we saw the market probability of a March rate hike move from 30% to 44% then it came strongly back down again.

“So even if we have a  rate scare the market just seems to forget about it after 48 hours,” he suggests.

He also added that with two more board governors likely to be joining the committee shortly, and a third after April, that picture may change.

The meeting minutes are set to reinforce or undermine recent hawkish comments from the Fed.

Cleveland Fed President Loretta Mester this week said she was “comfortable” raising rates at this point if the economy maintained its current performance.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/173537/fed-meeting-minutes-may-well-strike-hawkish-tone-says-strategist-173537.html

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.