FYI: We are moving the Fed call to a December rate hike.” —Rob Martin, Barclays
“The obvious is that the October payroll data makes a December move almost a certainty.” —Steve Blitz, ITG Investment Research
“Barring a disaster in November, rates are going to rise in December.”—Ian Shepherdson, Pantheon Macroeconomics
“This should leave little doubt the Fed is going to hike rates in December.” —Ted Wieseman, Morgan Stanley
That’s just sampling of comments following Friday’s surprisingly strong jobs report, but it’s fairly representative. Investors, strategists and economists largely believe the Federal Reserve will raise rates at its December meeting. In fact, according to the Fed funds futures there is a 70% chance the Fed will move.
Still that leaves a 30% chance that Fed won’t act, and there is certainly a case to be made against a December hike:
Regards,
Ted
http://blogs.wsj.com/moneybeat/2015/11/10/morning-moneybeat-should-the-fed-really-move-in-december/tab/print/
