There have been a series of ‘close call’ type meetingsThere will probably be more close call meetingsStill a lot of data coming in on what’s next, nothing is ever not on the tableWe don’t want to get ahead or behindJob market has cooled to a level of full employmentFed projections show vast majority believes that over the next 12-18 months, rates come down a fair amountThe Fed has to take a longer viewIf data continues to illustrate that employment is not deteriorating, that will relieve some of my concerns
The market is feeling more-settled about the idea of another 25 bps in November with the odds up to 93% from 85% yesterday. I don’t see anything here that changes that. Barkin and Williams are also scheduled to speak in the next hour.
This article was written by Adam Button at www.forexlive.com.
