FOMC on Course to Announce Balance Sheet Run-Off in Sept: CIBC
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Royce Mendes (CIBC World Markets Inc)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283
(Bloomberg) -- Majority on FOMC are “still leaning toward a business-as-usual approach” despite discussion at July meeting about the chances of undershooting 2% inflation target for longer, CIBC economist Royce Mendes said in note.
- FOMC members appear “comfortable moving forward with further tightening”
- “Barring some unforeseen events, we expect the balance sheet run-off to be formally announced next month”
- Few months of “healthy” price increases in 2H will keep December rate hike alive
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Royce Mendes (CIBC World Markets Inc)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283