Technical Analysis
Timiraos: Fed ‘barreling toward’ a 75 bps hike in November
WSJ Fedwatcher Nick Timiraos is out with his latest and says:
“Federal Reserve officials are barreling toward another interest-rate rise of 0.75 percentage points” and whether to signal a smaller hike in December.
He highlights a divide in the Fed with some wanting to slow the pace of hikes and others worried that inflation isn’t falling.