A Little Light At The End Of The Tunnel?
A Wall Street Journal report on Friday by Nick “The Fed Whisperer” Timiraos reported that, while the early November Fed meeting will still most likely result in another 0.75% increase in interest rates, it could well be the final one that showcases a hike of that magnitude and that committee members are now actively contemplating easing up in December and beyond.
Interestingly, on the same day, San Francisco Fed President Mary Daly warned of the risk of over-tightening, the first time we have heard that sentiment in a long while.
As a result, the futures market (see EXPLAINER: FINANCIAL TERM…
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