- The Fed may be talking a tough game about a November or December move, but Manulife Asset Management's Megan Greene, says "lackluster" data means the central bank won't be able to justify a hike in 2016.
- Noted by Greene: "Incredibly sluggish" average hourly earnings; the stronger the threat to hike, the more the dollar moves up as other central banks ease further; three jobs reports and a presidential election means plenty of uncertainty prior to the Dec. FOMC meeting.
- Greene maintains her expectation for the next rate hike not to come until Q2 of next year.
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