Fed to delay its first rate hike until September: Standard Chartered

Quotes from Standard Chartered:

-By remaining on course for hike rates later this year, the Yellen's tone is likely to be slightly hawkish, in our view. No downside surprises in January CPI data, and still-healthy February payroll data would pave the way for the removal of "patient" from the March statement.

-We still think that a data-dependent Fed will wait for core inflation to bottom, which we think is unlikely before the summer; we therefore expect the Fed to delay its first rate hike until September.