I think these minutes ratify the middle view in the markets, not that the Fed's done and not that the Fed's going to 6 percent.
More Quotes from Drew Matus:
An extraordinarily weak figure for August. As a result, we are lowering our Philadelphia Fed survey forecast to 18.0.Drew Matus
The current focus going into the employment report this week has much more to do with habit than anything based in reality.
Drew Matus
We're right where they want us to be -- between 2 and 2.5 percent increases in the core CPI. But last year there was more inflation than they were anticipating at the beginning of the year, and the concern you hear being expressed is that they don't want that to happen again.
Drew Matus
This is as aggressive as I've ever seen for the Fed in terms of making clear that they're raising rates and that they're not near being done.
Drew Matus
From his comments, it is clear that the US Fed will keep raising rates, hoping to bring the housing market to a very soft landing.
Drew Matus
It was exactly as the market expected, with them commenting on both the overall good news and the modest areas of weakness left in the economy. The Fed is on hold until August.
Drew Matus
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