No on at Fed expects immediate hike - BBH

FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that no one at the Federal Reserve, including two hawkish dissents from the December meeting, favors an immediate hike.

"The Fed is showing patience. It is also showing patience in the sense that it will its balance sheet remains at historic levels".

"The Fed argues that the accommodation of its asset purchases, which it never called QE, lies with the stock of holdings, not the incremental flow (purchases)".

"That it will likely raise rates before it reduces the size of its balance sheet is also a sign of the Fed's patience".