Fed's Jefferson says that difference in opinion among policymakers is a healthy thing

  • Further remarks by Fed vice chair, Philip Jefferson
Federal Reserve

Adding that "given the point in the economic cycle we're at, it is appropriate that there is a diversity of views".

Well, the only thing this does is makes it a bit trickier for market players to get a sense of the Fed's next move. That being said, I reckon how markets have positioned themselves before the last Fed meeting was also already appropriate. The next move for December is largely plagued by a lack of economic data but policymakers will have at least until 28 November (final day before the FOMC blackout period) to set the record straight in guiding expectations before the decision on 10 December.

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