Fed's Bostic: Holiday shopping numbers could influence FOMC decision
Bostic is highlighting how the next FOMC decision -- either 25 or 50 basis points -- will depend on economic data. He earlier highlighted employment numbers as a key input and now says that holiday shopping numbers could also influence the decision if consumers prove more or less resilient.The market is pricing in a 75% chance of 25 bps points now and the remainder at 50 bps. A few days ago it was an even split. This article was written by Adam Button at www.forexlive.com.
Bostic is highlighting how the next FOMC decision -- either 25 or 50 basis points -- will depend on economic data. He earlier highlighted employment numbers as a key input and now says that holiday shopping numbers could also influence the decision if consumers prove more or less resilient.
The market is pricing in a 75% chance of 25 bps points now and the remainder at 50 bps. A few days ago it was an even split.
This article was written by Adam Button at www.forexlive.com.
