Apr 04 2016

Rate Range Projection by Bank

Next week 111.50 –113.50

Next 3 months 107.00 - 115.00

 

The below is a topic from market news

Investors to sift for clues in Fed tug-of-war

After enduring several weeks of conflicting comments by Federal Reserve officials that whip-lashed the U.S. stock market, befuddled investors could get a dose of clarity next week on where the Fed stands on its path toward rate hikes.

Minutes of the Feds March meeting will be released on Wednesday, giving investors a chance to comb through the summary for tips on when rate increases will hit.

If traders believe that less vocal policymakers will support Fed Chair Janet Yellens expressed go-slow approach to raising interest rates, they may bid up stocks further.

Most Wall Street Fed watchers expect an interest rate hike in June. Yellen has indicated she would not want to raise rates unless data, such as increasing inflation, proved such a move timely.

If it comes out more dovish, you have got to suspect that the equity markets would really like it, said Jeff Weniger, senior strategist at BMO Private Bank. Should the minutes show real caution by other Fed policymakers, energy, gold, emerging markets and materials could benefit the most, Weniger said.