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Fed 'Whisperer': Lack of Key Data at October Meeting Prompts Members to Change Stance
Summary: According to 'Fed Whisperer' Nick Timiraos, the October FOMC meeting had some differences compared to September: the dot plot in September showed a divergence within the committee - while most leaned towards further rate cuts as a risk management tool, a significant portion believed there was no need for cuts. Typically, data can help reconcile ...
According to 'Fed Whisperer' Nick Timiraos, the October FOMC meeting had some differences compared to September: the dot plot in September showed a divergence within the committee - while most leaned towards further rate cuts as a risk management tool, a significant portion believed there was no need for cuts. Typically, data can help reconcile this divergence. However, with fewer high-level data points between FOMC meetings to refine the outlook, members had less reason to change their stance.
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Link: Fed 'Whisperer': Lack of Key Data at October Meeting Prompts Members to Change Stance [Copy]
