Neil MacKinnon
Neil MacKinnon
appetite assets financial suggest undermine
Anything that would suggest a deteriorating appetite for US financial assets would undermine the dollar.
intention interest market
The market is having a re-think about the Fed's intention on interest rates.
economic economy economy-and-economics fairly forward looking next optimistic pull start strong
I think that looking forward we'll start to see strong economic growth, ... I'm fairly optimistic that the economy will start to pull through in the next 12 to 18 months.
action aggressive core initial notion presumably rates reaction sell
The initial reaction was to sell the dollar, presumably in the notion that the core rates don't warrant aggressive action from the Fed.
dollar further higher prove rates supported work
The dollar is going to prove resilient, and we could see further gains. Higher rates have supported the dollar all year, and with more work to do by the Fed, I can't see that changing.
ahead fed hike next rate release
This is a disappointing release ahead of the Fed meeting, but I don't think it will derail a rate hike next week.
agenda basis committee cut far federal growth interest market open points puts rates zero
As far as interest rates are concerned, zero growth puts a 50 basis points cut back on the agenda at this week's Federal Open Market Committee meeting.
financial
There is a whiff of stagflation here that will be disconcerting for financial investors.