Monthly archive August, 2016

Has the Fed bought ‘optionality’ on the September meeting? If buying ‘optionality’ involves raising the market expectations of a rate rise to the point where the Fed can if desired raise rates without significantly surprising the market then at least Read More →

The minutes from the July FOMC meeting were less hawkish than the market feared as the Committee was divided on the need for another interest rate hike. It’s important to remember that the decision to act will ultimately rest with Read More →