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FOMC outlook from Credit Suisse

Just noting this, its from overnight

Credit Suisse had been calling a Fed rate hike in May 2017 at the earliest

But have now revised their call, they are now looking for December rate hike

CS cite:

  • Good US and global data
  • "Sufficient hawkish rhetoric" by FOMC members

They add this, which has me scratching my head:

  • "Changing by six months may seem a big step, but the (FOMC) will next year lose its three recent hawkish dissenting members, and so we believe a decision not to hike in December is likely be followed by months more of delay"

So, 3 hawks will be gone, so we better hike now? What?

That doesn't make sense to me. Then again, not a lot does ;-)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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