A high-profile New York consulting firm with a hedge-fund and banking clientele has apparently issued a hawkish report on the future of Fed monetary policy. We’ll try and dig up further details.
UPDATE: Despite recent events, Fed exit path remains on track is the gist of the report.
It remains on track, but many months away, I think it is fair to say…
EUR/USD is trading with an easier tone, down to 1.2373. The S&P is up 0.1%.
