Posted On: 10/12/2016 7:20:11 AM
Post# of 63821
Fed minutes
At 2:00 p.m. ET, traders will be find out what Federal Reserve Vice Chairman Stanley Fischer meant on Sunday when he described September's decision to postpone an interest rate hike as a "close call." The minutes could shift fed fund futures contracts, which at 6:12 a.m. ET showed investors assigning about a two-thirds probability of a December rate increase and a less than 20 percent chance of one next month. There were three dissenters among the 10 voting members at the September meeting that ended with the central bank opting to keep rates steady. Meanwhile data show the Fed's preferred measure of inflation ticked up to 1.7 percent in the year through August, to reach its highest level in almost two years.
At 2:00 p.m. ET, traders will be find out what Federal Reserve Vice Chairman Stanley Fischer meant on Sunday when he described September's decision to postpone an interest rate hike as a "close call." The minutes could shift fed fund futures contracts, which at 6:12 a.m. ET showed investors assigning about a two-thirds probability of a December rate increase and a less than 20 percent chance of one next month. There were three dissenters among the 10 voting members at the September meeting that ended with the central bank opting to keep rates steady. Meanwhile data show the Fed's preferred measure of inflation ticked up to 1.7 percent in the year through August, to reach its highest level in almost two years.
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