Rate cutting bets rising to 70% probability for December Fed meeting, up from 30% last week
Host
Colin Martin
Significant dispersion among Fed committee members, markets weigh certain comments more heavily - particularly from permanent voters like NY Fed President Williams
Colin Martin
Received dovish comments from Governor Waller suggesting he would vote for rate cut, counting votes shows large number would support cut but no consensus yet
Colin Martin
We still think the Fed won't cut, but implied probability will fluctuate as we hear more comments from officials
Confirming view that Fed will sit on hands in December due to prices still being too high
Host
Colin Martin
In data void period - missing October labor market and CPI readings at critical turning point
Colin Martin
Inflation has been above target for over four years and holding steady, not showing signs of resuming downward trend
Colin Martin
More risk with labor market than inflation reacceleration - officials concerned about slowdown