by Bill McBride on 9/09/2015 06:45:00 PM
Wednesday, September 09, 2015
First from Jon Hilsenrath at the WSJ: Agreement on September Rate Increase Eludes Fed
Though officials appear to remain on track to raise rates this year—after September, there are Fed meetings in October and December—their recent remarks in interviews and elsewhere showed divisions and uncertainty about whether to move as soon as next week.It seems likely there will be several dissents at the meeting next week unless Fed Chair Janet Yellen can find a middle ground between the disparate views.
And analysis from Greg Ip at the WSJ: How the Fed Leaves Margin for Error Around Rate Hike
The Fed’s extraordinary patience thus far has brought the economy to the point where higher rates are no longer an existential threat. And by promising that the pace of rate increases will be glacial, the Fed gives itself ample room to stop or reverse course if something goes awry.Thursday:
• At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for 275 thousand initial claims, down from 282 thousand the previous week.
• At 10:00 AM, Monthly Wholesale Trade: Sales and Inventories for July. The consensus is for a 0.3% increase in inventories.
Posted by Bill McBride on 9/09/2015 06:45:00 PM