Here is the updated fed funds rate forecast based off September FOMC projections

David Scutt

Scutt Partners

Here is the updated fed funds rate forecast based off September FOMC projections. As is clearly demonstrated, the FOMC now see a slightly more aggressive tightening schedule in 2015 and 2016 than what was previously forecast back in June. While equity markets largely ignored this fact, presumably on the FOMC leaving the phrase 'considerable period' within their statement, treasuries, precious metals and the Dollar certainly didn't with the former two selling off while the USD outperformed, particularly against commodity-linked, higher-yielding peers. (VIEW LINK)

David Scutt
David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...


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