- Possible Fed may ahve to raise more than expected
- Best care scenario is ‘careful adjustment’ of mon pol
- Labor market appears on solid footing
- The future direction of mon pol is clear
- Recent inflation data less promising than I hope
- Inflation is too high and appears to be broadening
I don’t see any way the Fed doesn’t hike in December and now the market sees a 75% chance of back-to-back hikes. Today, Bank of America forecast back-to-back to back hikes in Dec, Jan and March.
This article was written by Adam Button at investinglive.com.