USD gains on dots & hawkish dissents

  • Phily Fed President Plosser kept his dissent that the “considerable time” phrase should be removed
  • Dallas Fed President Fisher joined him this time, saying that an earlier reduction in monetary accomodation than suggested by the Committee’s forward guidance is likely
  • Also, 14 FOMC members now expect a rate hike in 2015 vs 12 previously

FED DOTS

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