Is it just me or does the Federal Open Market Committee seem firmly set on a December rate hike … like an auto pilot setting
In the face of data that might be indicating (OK, is) a slowdown in the US (and globally) and already tightening financial conditions?
Watching Powell's speech today for clues. Any reference to data dependence should see the USD suffer I reckon, if we get anything like that . Probably just more of the same though is my guess
2300GMT be there or .... be positioned appropriately.
