Fed’s Fisher is more confident that they’ll be able to cope with a default.

  • Expects sloppy US economic data for a couple of months (cheers)
  • Must communicate more forcefully that it will keep rates low for long

Seeing as the printers are at “warp factor 10 Mr Sulu” and the exact repercussions of the shutdown are as yet unknown we can all feel safe in the knowledge that the Fed are ready.