FOMC Minutes should reveal a hawkish tilt - TDS

Research Team at TDS, suggests that the minutes from the September 21st FOMC should reveal a hawkish tilt given the three dissenting votes and overwhelming majority calling for a  hike by year-end.

Key Quotes

“However, we will also learn more about the rationale for the three voters who do not expect a hike by year-end, adding a touch of dovishness. However, the key takeaway will be any discussion on the next step towards policy normalization, which should help to determine the timing of the next rate hike. Looking past the Fed, the data calendar is nearly empty with Jolts Job Openings for August the lone release.”