by Bill McBride on 12/11/2015 04:20:00 PM
Friday, December 11, 2015
Another short preview, this one from economists at Nomura:
We believe that the FOMC will raise short-term interest rates at its December meeting as comments from Fed officials in recent months have suggested that the bar for liftoff is low. With liftoff quite likely, the attention is on what happens after liftoff. We think that the FOMC will want to send the signal that we should not expect liftoff to be followed by a series of subsequent rate hikes in rapid succession. We think the Committee will continue to stress that the subsequent rate adjustment will be “gradual” and “data dependent.” In addition to the FOMC statement, we will also receive the Committee’s summary of economic projections and Chair Yellen will hold a press conference. We will play close attention to the FOMC’s projections for the economic and inflation outlook and how it ties this into its expectation of the path of policy.CR: I'll post an additional preview of the FOMC meeting this weekend.
Posted by Bill McBride on 12/11/2015 04:20:00 PM