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29 Jul 2014
Fed meeting not expected to affect USD considerably - Adam Narczewski
FXStreet (Łódź) - Adam Narczewski, Financial Analyst at X-Trade Brokers, XTB says that the US dollar could be affected by the Fed monetary policy statement tomorrow, but that the potential impulses shouldn’t be strong.
Key quotes
“Remember that on the July meeting there is no dot-chart presented, none new macroeconomic projections and no press conference of Janet Yellen.”
"The Fed does not like to introduce radical changes in its statement since the time when we have the meetings followed by press conferences (4 out of 8 this year, at the end of each quarter) - we can expect major changes only during those.”
“Taking all these into account, we should only expect another cut in QE (by another $10 bln) but no more.”
Key quotes
“Remember that on the July meeting there is no dot-chart presented, none new macroeconomic projections and no press conference of Janet Yellen.”
"The Fed does not like to introduce radical changes in its statement since the time when we have the meetings followed by press conferences (4 out of 8 this year, at the end of each quarter) - we can expect major changes only during those.”
“Taking all these into account, we should only expect another cut in QE (by another $10 bln) but no more.”