Sunday, September 25, 2016

FOMC: Dissenters In The Fed Historically Have Been Wrong

David Rosenberg: Hawkish, dovish or a bit of both?

So the Fed didn't hike today, but the markets were only priced 20% for a move in any event. Everyone has been talking about a hike by year-end and on that prospect (futures are priced just over 50/50) and the Fed delivered. The forward guidance was blunt: The Committee judges that the case for an increase…