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Fed speeches show readiness to raise rates next month and a wariness about next recession
Omair Sharif, senior U.S. economist at Societe Generale Group, agreed. “Generally speaking, December is almost a foregone conclusion,” he said. San Francisco Fed President John Williams told reporters on Thursday that a December rate hike was “perfectly reasonable,” according to Reuters. Markets see a greater than 90% chance of a rate hike at the Dec. 12-13 meeting. This would be the fourth rate hike in the past year, a much faster pace that the one rate hike over the prior 12 months. The Fed last met earlier this month and held interest rates steady. Minutes of that meeting will come on Wednesday. “The ... (full story)