Fed Watch… Tim Duy

by Jim Colburn • Tuesday, October 3, 2017

Professor Tim Duy, Professor, University of Oregon, from his FedWatch report:

“Big data week ahead that ends with the employment report for September. Considering the ongoing inflation weakness, one would think the Fed would be looking for a series of very strong job reports to justify a rate hike in December. But with Fed officials largely convinced that the soft inflation numbers are transitory, a middling jobs report would likely be sufficient to keep them on track, and even a weak report if they can attribute disappointing data to the busy hurricane season.”

Here is his chart showing current inflation vs. the Fed’s target:

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