Fed: September meeting ‘live’ for a possible hike - BNZ

Research Team at BNZ, suggests that there is an unhealthy focus on the Fed’s Brainard, the last Fed speaker before the blackout period begins ahead of the 22 September rate decision.

Key Quotes

“Being one of the most dovish Fed members, any hints that she has turned hawkish would be USD-positive. Market expectations for US retail sales and CPI readings later in the week are centred on higher outcomes compared to previous readings. Positive surprises relative to those expectations would keep the September meeting ‘live’ for a possible hike and support the USD. “