FOMC: Better to talk about hiking than actually do so - Rabobank

Michael Every, Head of Financial Markets Research at Rabobank, suggests that we saw three dissenters voting for a hike, yet once again the FOMC decided it was better to talk about hiking than actually do so.

Key Quotes

“Nonetheless, December seems a live option provided payrolls growth holds up. The details are again more significant though: next year is now projected to see two hikes, down from three; the level which Fed Funds is expected to eventually reach has declined to below 3%; and - most significantly – the long-run potential growth rate of the US economy is down to below 2% for the first time in history.”