Fed likely to hike rates in September: Nordea

Quotes from Nordea Markets:

-The Fed is stepping up preparations to start normalising monetary policy later this year. However, the FOMC minutes gave no clear indication on the timing of lift-off in rates or how quickly rates will increase after lift-off.

-On the margin the minutes had a slightly dovish twist as many participants judged that risks facing the US economy argued for keeping interest rates low for a longer time. This supports our September call for the first Fed hike.