Find me any Fed preview and I’ll tell you what it says:
Yellen will stay dovish and emphasize the softness in jobs indicators aside from the unemployment rate.
That’s a big change from the chorus in May, June and July when everyone was expecting a hawkish word or two from Yellen. Betting on Bernanke/Yellen to be dovish every time has been the best trade of the past six years but when the consensus is so complacent it might be worth taking a shot on the other side.
