From UBS
Fed's New Wording A Hawkish Signal: The US 10-year yield took a few moments to consider the new statement word | Hanami
From UBS
Fed's New Wording A Hawkish Signal: The US 10-year yield took a few moments to consider the new statement wording, concluding that the guidance was for a December hike. The new wording about accumulating more data appears to nod to Warsh's view that he bases his decisions on trends rather than single data points. If trends continue as they are, then December is on.