Goldman: "On Course for a December Hike"

CR Note: The FOMC meets next week, and no change to policy is expected. However it appears another rate hike is coming at the December meeting. A few brief excerpts from a piece by Goldman Sachs economist Spencer Hill: On Course for a December Hike We expect the FOMC to keep policy unchanged next week and see few substantive changes to the statement. We expect a slightly more upbeat tone on growth that acknowledges the disruptions from the hurricanes but characterizes them as temporary or in the past tense ... Despite the disappointing September CPI report, we do not expect a downgrade of the ......(read more)

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