Here's a piece from Bloomberg.
I'm slow off the mark on this one - Bloomberg put it up yesterday. But, its just for background really.
We've been mainly focused on a Fed hike in September or December (OK ... I should clarify that ... those of those expecting a Fed hike, like me, have been).
But October is another meeting on the 2015 calendar
It hasn't been seriously considered 'cause there is no press conference scheduled after the meeting. (I should also clarify on this point. I remember Yellen was quite explicit in saying we shouldn't rule out any meeting, even if there is no presser scheduled afterwards. I'd love to find the link for this, I know I did one on it .... I tried but haven't had any luck .... and life is short).
Bloomberg's article says:
- September may be too soon
- December is problematic in the eyes of some investors because liquidity in financial markets tends to dry up at that time of year
- That puts October on the radar screen
(Maybe we can call October 'Goldilocks' month? But, I digress)
- "We have to look at it more seriously," said David Keeble, the New York-based head of fixed-income strategy at Credit Agricole SA. "You really want to be moving a little bit before December, otherwise your credibility starts to disappear," said Keeble, who's still projecting the Fed will boost its target next month for the first time since 2006.
