FOMC Minutes in the limelight – RBC CM

Adam Cole, Research Analyst at RBC Capital Markets, suggests that the minutes of the September 20–21 FOMC meeting are due but they are somewhat dated, the probability of a 2016 hike having risen from around 65% at that time to around 75% now.

Key Quotes

“Although three members dissented in favour of an immediate hike, the statement was still seen as falling short of the “hawkish hold” that many had expected at the time. Aside from the minutes, notable speakers include Dudley (moderate dove) and George (moderate hawk).”