-
EUR/USD: Ignore The Noise; Stick To Fundamentals - Goldman Sachs
Following yesterday's FOMC meeting, Goldman Sachs US Economics team changed its central expectation on the timing of the first hike, which it now expects in December. From there, they expect the FOMC to raise rates by 100bp per annum, with the Fed Funds target range reaching 1.25-1.50% at the end of 2016 and 2.25-2.50% at the end of 2017 – roughly half way between the dots and the forwards. "Strengthening economic data and rising asset prices will, in our view, lead the market to revise its pricing for the tightening cycle towards the FOMC median profile, i.e., re-building some risk premium," GS argues. As such, ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jun 18, 2015 11:20pm Jun 18, 2015 11:20pm
- genghistar
- Joined Mar 2012 | Status: Servant of wealth | 91 Comments
- Comment #2
- Quote
- Jun 19, 2015 2:01am Jun 19, 2015 2:01am
- JimDandy
- Joined Aug 2007 | Status: Buying Lows and Selling Highs | 191 Comments
- Comment #3
- Quote
- Jun 19, 2015 3:18am Jun 19, 2015 3:18am
- ItsAtrap
- | Joined May 2015 | Status: Member | 35 Comments
- Comment #4
- Quote
- Jun 19, 2015 6:24am Jun 19, 2015 6:24am
- Expo33
- Joined Aug 2013 | Status: Member | 443 Comments
Pride always comes before destruction.... -Proverbs 16:18
DARWINEX ZERO All Time Return:
23.6%
- Comment #5
- Quote
- Jun 19, 2015 8:43am Jun 19, 2015 8:43am
- cecchino
- | Joined Dec 2012 | Status: Member | 321 Comments
- Comment #6
- Quote
- Jun 19, 2015 8:56am Jun 19, 2015 8:56am
- harry23
- | Joined Apr 2012 | Status: Member | 189 Comments