- In case anyone was wondering if there were any shops on the Street still not expecting a Fed rate hike before year-end, there was at least one - Credit Suisse .... at least until this morning, when James Sweeney and team shifted its forecast of the next FOMC move from May to this coming December.
- Most of the reasoning isn't news to anyone following along, but one point is of particular interest. Sweeney notes the FOMC in 2017 will lose three of its most hawkish members, so Yellen and company may want to get a rate hike out of the way now as a move next year could be tougher to push through.
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