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- December FOMC minutes will have 2 main areas of focus - BofA
December FOMC minutes will have 2 main areas of focus - BofA
eFXdata reports that Bank of America Global Research discusses its expectations for FOMC minutes.
"The minutes from the December 16th FOMC meeting will have two main areas of focus: 1) specifics on the new qualitative outcome-based guidance for asset purchases; and 2) potential triggers to prompt a change to the parameters of the balance program which could include duration extension or size," BofA notes.
"On the former, we think there will be a general agreement that asset purchases should continue until there is substantial progress in reaching the mandate, with "substantial" meaning approaching the targets. We don't expect a mention about tapering in the minutes as Fed officials will be very careful not to send a misleading signal about the end of the program," BofA adds.
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