Traders note talk of a dovish report from a melodious consulting firm in NY. (The president of the firm once called me to yell at me about using their name, so now I fudge it…)
The report apparently details a split on the Fed (no kidding) as well as takes a dovish slant going forward.
In recent days we’ve had one of the hawks suggest we retain flexibility to use more QE while another said we won’t hike until 2012. How much more dovish can the Fed be? I would not sell dollars on that report. Find a better excuse. It’s not hard.
