Thursday: GDP, Unemployment Claims, Penidng Home Sales, Jackson Hole Symposium

From Tim Duy: Dudley Puts The Kibosh On September Monday's action on Wall Street was too much for the Fed. That day, Atlanta Federal Reserve President Dennis Lockhart pulled back his previous dedication to a September rate hike earlier, reverting to only an expectation that rates rise sometimes this year. But today New York Federal Reserve President William Dudley explicitly called September into question. ... ... Bottom Line: The Fed has long argued that the timing of the first rate hike does not matter. I had thought so as well, but that is clearly no longer the case. A rate hike during a......(read more)

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