US data will likely delay Fed action- Rabobank

FXStreet (Guatemala) - Analysts at Rabobank noted the conditions surrounding the US economy in respect of a data dependent Fed.

Key Quotes:

"The disappointing Employment Report for March has realigned the nonfarm payrolls with other weak US economic data."

"Although bad weather may be partly responsible for the slowdown, weak global growth and the strong dollar are having a more sustained impact on the US economy."

"We expect this will lead to a delay in the Fed’s first rate hike to the final quarter of the year."