St Louis Fed head speaks

  • Global fears that caused the Fed to delay Sep hike have largely dissipated
  • Rise in dollar has already priced in several major events like ECB QE
  • Passing effects of oil and dollar should push inflation higher
  • Market now seeing the chance of a Dec hike at near 80%
  • Lift off a good signal for the economy and shows confidence

Fed funds futures have now got Dec action priced at 72% vs 56% yesterday, following the NFP