Morning Tack November 29th 2018
Comment of the Day

November 29 2018

Commentary by Eoin Treacy

Morning Tack November 29th 2018

Thanks to a subscriber for this report from Raymond James which may be of interest. Here is a section: 

Eoin Treacy's view

A link to the full report is posted in the Subscriber's Area. 

How neutral is neutral is the question Fed watchers are asking this morning. If the ephemeral neutral level is between 2.75% and 3.5% then the middle of the band is over 3% but the lower end of the band is not far from where the rate is set right now and will be even closer after the December hike. That leaves the Fed with the scope to declare “job done” or not as circumstances dictate.

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