Next FOMC policy move will likely be a cut - Credit Agricole

Market news

23 April 2019

Next FOMC policy move will likely be a cut - Credit Agricole

Credit Agricole's head of G10 FX research and strategy, Valentin Marinov, said:

Current Fed pause will likely stretch on for few more quarters
Believes that the Fed tightening cycle has peaked
Fed likely to communicate such policy stance ahead of time
That will result in a weaker dollar alongside fading yield momentum
Any softening in policy stance by the Fed will be welcome by Trump
There shouldn't be any real scope for more conflict between Trump and the Fed

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