Categories Finance

Fed’s Goolsbee: Inflation came in around expectations, improvement on housing

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.

About The Author

More From Author

Leave a Reply

Your email address will not be published. Required fields are marked *