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19 Mar 2015
FOMC key take aways - RBS
FXStreet (Guatemala) - Analysts at RBS noted yesterday's action around the FOMC.
Key Quotes:
"Well well well, the Fed has entered the currency wars!"
"And not just by mentioning exports in the formal FOMC statement, but with three mentions of import prices or the dollar in the opening statement of the Yellen press conference."
"Obviously this was not the only take-away from the FOMC meeting yesterday, there were several, with the major ones being the large drops in the dots, the noticeable revision lower in their 2015 Core PCE Deflator forecasts, and the down-ticking of growth without any dismissive mention of the weather or its transitory nature."
Key Quotes:
"Well well well, the Fed has entered the currency wars!"
"And not just by mentioning exports in the formal FOMC statement, but with three mentions of import prices or the dollar in the opening statement of the Yellen press conference."
"Obviously this was not the only take-away from the FOMC meeting yesterday, there were several, with the major ones being the large drops in the dots, the noticeable revision lower in their 2015 Core PCE Deflator forecasts, and the down-ticking of growth without any dismissive mention of the weather or its transitory nature."