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October Flashlight for the FOMC Blackout Period
After a decade without a rate cut, the Federal Reserve Open Market Committee (FOMC) has now cut the fed funds rate in back-to-back meetings. Will the October 29 & 30 meeting make it threein-a-row? Last week alone, twelve different Fed officials weighed in on policy at different events from London (Bullard) to Los Angeles (Daly). We have now entered the blackout period, the leadup to the FOMC meeting during which Fed officials refrain from commenting on monetary policy. This meeting really comes down to two options with respect to rates: cut or no cut? Though it is a close call, we suspect the most likely outcome for ... (full story)