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25 Feb 2015
Credit Suisse: US might see 4 25bp rate hikes in 2015 – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares Credit Suisse’s outlook post Yellen’s testimony, for US interest rates and the Dollar into 2015.
Key Quotes
“Our US economics team continues to forecast that a) the Fed will start hiking in June and b) that there may be as many as four 25bp rate hikes seen in 2015.”
“Clearly these outcomes would be more aggressive than the market is pricing in, and these underpin our longer-term USD-bullish outlook and bullish USD longer-term trades in our trade recommendation portfolio. We do not have enough reasons yet to change these views based on Yellen’s testimony.”
“By definition, the US outlook will be highly data dependent, and we prefer to see more of such data before changing structural views. But near term we need to look away from the greenback for trade ideas.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Our US economics team continues to forecast that a) the Fed will start hiking in June and b) that there may be as many as four 25bp rate hikes seen in 2015.”
“Clearly these outcomes would be more aggressive than the market is pricing in, and these underpin our longer-term USD-bullish outlook and bullish USD longer-term trades in our trade recommendation portfolio. We do not have enough reasons yet to change these views based on Yellen’s testimony.”
“By definition, the US outlook will be highly data dependent, and we prefer to see more of such data before changing structural views. But near term we need to look away from the greenback for trade ideas.”
This content has been provided under specific arrangement with eFXnews.