A week ago, Bullard mused about a the October 29-30 FOMC being a live meeting for the Fed and the potential for a taper. The market gave it some thought at the time and USD edged higher.
A government shutdown is now imminent and a dysfunctional Congress is on a collision course for the debt ceiling. If we get to the end of October and Congress is still in crisis mode, it will be time to start talking about more stimulus from the Fed rather than less.
