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Beecroft: what the Fed and BoE are trying to tell us
Nick Beecroft casts his experienced eye over the latest statement from the FOMC. Much of the statement was as expected but there were interesting comments about the exit strategy from the current action plan. There was talk of unwinding part of QE, after hiking rates. At next month's Fed meeting, due to be held on June the 17th and 18th, a new Summary of Economic Projections will be published and Janet Yellen will hold a press conference.
Nick has also been picking through the latest bank of England minutes which reveal signs of "hawkish dissent so it won't be 9-0 anymore to keep policy on hold".
Plus, his reaction to London being voted top global financial centre but also coming low on a list of business friendly cities .
02:49 minutes
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