Nomura on FOMC: "Life after lift-off"

Another short preview, this one from economists at Nomura: We believe that the FOMC will raise short-term interest rates at its December meeting as comments from Fed officials in recent months have suggested that the bar for liftoff is low. With liftoff quite likely, the attention is on what happens after liftoff. We think that the FOMC will want to send the signal that we should not expect liftoff to be followed by a series of subsequent rate hikes in rapid succession. We think the Committee will continue to stress that the subsequent rate adjustment will be "gradual" and "data dependent."......(read more)

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