Let's keep the bank responses to the FOMC Minutes going. RBS still favour a September rate hike.

In brief:

  • RBS are still looking for a September hike ... but after the Minutes they don't feel any "more confident about our call"
  • Say that there is a risk that even id data looks supportive of a September call, it still "may not be strong enough to offset perceived increased risks to the inflation outlook, so that, in September, the FOMC is still not convinced"

I think I'll stick with my 'clear as mud' call on the Minutes.

More:

  • September US rate hike? Fuggedaboudit says BNP
  • CIBC still call for September
  • Citi says Fed 'heavily divided'