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Aug 23 - 09:55 AM

USD: Jackson Hole: Fed Powell Likely To Echo The Message From The July Meeting - TD

By eFXdata  —  Aug 23 - 09:03 AM

TD Research discusses its expectations for Fed Powell's speech at Jackson Hole symposium.

"We expect the Fed chair to echo the message from the July minutes: QE tapering is likely by year-end if the labor data continue to show strength, but don’t expect an announcement as soon as the September meeting," TD notes. 

"We continue to forecast a formal taper announcement in December, although November remains possible if the next two employment reports are unexpectedly strong," TD adds. 

Source:
TD Bank Research/Market Commentary

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