Cruxof FOMC Meeting (Oct 27-28,2015)
Key takeaway…Slowing growthoutside US put US Fed to delay policy firming but bigwigs still see a rate hikein December meeting…Well, we still believe they will not hike in December meeting aswell, as nothing has changed in their statement except inculcation of term“solid” for household spending & business fixed investment and, slowingemployment growth since last meeting. No doubt that Fed funds rate futuresprobability for December got improved to 43% post announcement from 34% priorto the statement. Well, payroll number for October and November will give somelight to the hot topic.
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