Fed Poised To Downplay Weak Data
Tim Duy:
Fed Poised To Downplay Weak Data, by Tim Duy: Big data week ahead that ends with the employment report for September. Considering the ongoing inflation weakness, one would think the Fed would be looking for a series of very strong job reports to justify a rate hike in December. But with Fed officials largely convinced that the soft inflation numbers are transitory, a middling jobs report would likely be sufficient to keep them on track, and even a weak report if they can attribute disappointing data to the busy hurricane season. ...Continued here...
Posted by Mark Thoma on Monday, October 2, 2017 at 10:55 AM in Economics, Monetary Policy |
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