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18 Nov 2015
US: FOMC minutes and housing data in focus – Lloyds Bank
FXStreet (Delhi) – Research Team at Lloyds Bank, suggests that given that today is a light one for data, the release of the minutes for the October FOMC meeting will likely receive the most attention.
Key Quotes
“These may be seen as somewhat out of date as the meeting took place before the strong October labour market report. Nevertheless, what lay behind the unexpectedly hawkish post meeting press statement is still of interest. In particular, markets will be looking for evidence on how ready the majority of members are to raise interest rates in December and the extent of any opposition to such a move.”
“US housing starts and building permits will provide a further update on the strength of the housing market. Housing sales have picked up this year and, as a result, construction has also accelerated. After a surge in September, concentrated in the volatile multi-unit sector, starts are expected to have fallen in October. However, a solid rise in permits should point to further construction increases in the pipeline.”
Key Quotes
“These may be seen as somewhat out of date as the meeting took place before the strong October labour market report. Nevertheless, what lay behind the unexpectedly hawkish post meeting press statement is still of interest. In particular, markets will be looking for evidence on how ready the majority of members are to raise interest rates in December and the extent of any opposition to such a move.”
“US housing starts and building permits will provide a further update on the strength of the housing market. Housing sales have picked up this year and, as a result, construction has also accelerated. After a surge in September, concentrated in the volatile multi-unit sector, starts are expected to have fallen in October. However, a solid rise in permits should point to further construction increases in the pipeline.”