Make it stop
- Continued loose FOMC could create future bubbles
- EM's are ready for Fed rate hikes
- China is expected to slow but not have a hard landing
- It's a good sign that the IMF didn't cut their Chinese forecasts
- For Oct FOMC it's tough to make a big decision, then change after another month
- Hikes will be slow and gradual so won't hurt EM's
- Fed vs market liftoff is still a mismatch
- Would expect a predictable move in USD going forward
Reuters makes more of the October comment with Bullard saying that it will be difficult for the Fed to switch gears after the Sep meeting, and hike in October, after only one extra month of data
