Archive for August 17th, 2016

Deeper Analysis

The Case in the FOMC Minutes for a Second Rate Hike Being Done Sooner

August 17, 2016

Minutes from the July 26-27 Federal Open Market Committee reveal a range of opinions regarding how soon to undertake a second hike of the federal funds target range. The diversity of views was greater than suggested by the single dissenting vote by Kansas City Fed President George in favor of a hike then. Certainly more […] More

New Overnight Developments Abroad - Daily Update

Deja Vu

August 17, 2016

Wednesday’s been very quiet from a data release standpoint. Market trading has been dominated by Fed watching, which in the wake of remarks yesterday by Fed District Presidents Dudley of New York and Lockhart of Atlanta has markets pricing in much higher odds of a fed funds rate increase before yearend. They suggested a move […] More