Chris Low in The Bond Buyer

FHN Financial Chief Economist Chris Low sees the FOMC signaling "more tightening to come" despite holding rates at this meeting. "Most of the FOMC has signaled a desire to hike one more time in the fourth quarter, but waiting until December and moving at every other meeting gives the Fed time to see the effect of tightening and - because the Fed is hiking from a rate that is not very accommodative - is still consistent with St. Louis Fed President Alberto Musalem's idea that tightening should be done in six to nine months."

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