Fed's Schmid just dropped two notes:
1. Midterms won't sway the October meeting. Politics stays outside the room.
2. Rates haven't actually slowed things down yet. Translation: the economy's still running hot, and the brake pedal might need more pressure.
If you're long $SPY, this isn't exactly the dovish signal you were hoping for.
1. Midterms won't sway the October meeting. Politics stays outside the room.
2. Rates haven't actually slowed things down yet. Translation: the economy's still running hot, and the brake pedal might need more pressure.
If you're long $SPY, this isn't exactly the dovish signal you were hoping for.