The WSJ’s mouth of the Fed, Jon Hilsenrath is out with his look at the Sept 18 FOMC meeting.
Friday’s mixed jobs report left Federal Reserve officials facing a cliffhanger decision in less than two weeks…The usual round of behind-the-scenes, pre-meeting discussions will kick off during the next few days. Their options have narrowed but no decision set.
The dilemma he talks about is mostly communication with the Fed worried about signalling rate hikes.
I think most of the market doesn’t see it as a cliffhanger but rather a high-probability likelihood. Otherwise, there is nothing particularly noteworthy here from Hilsy.
