Monthly Archives: November 2015

October Fed Minutes Reinforce New Neutral View

October Fed Minutes Reinforce New Neutral View

The minutes of the Federal Open Market Committee’s October meeting offered a surprise. No, not a surprise about the likelihood the Federal Reserve hikes at the next meeting. A reading of these minutes both confirmed that this committee expects it will hike in December and that the members clearly wanted to send that message. Message received!
October Inflation Data: The Tide May Be Turning

October Inflation Data: The Tide May Be Turning

Wage pressures may finally be building. The Labor Department recently reported that average hourly earnings for private employees rose 0.4% month-over-month – a 2.5% year-over-year rate that was the highest reading since 2009. And then October’s Consumer Price Index (CPI) report provided evidence that this is feeding through to consumer prices.