With Fed speakers attempting to jawbone the current narrative back from the uber-dovish record-high-creating Fed statement, all eyes today were glued on how hawkish the statement would be with regard 2016 hikes - few, some, or many? Since The Fed statement, GDP expectations have crashed to cycle lows but that has not seemed to stop The Fed:
- *FED OFFICIALS SPLIT IN JULY ON WHETHER RATE HIKE NEEDED SOON
- *A COUPLE FED OFFICIALS BACKED JULY RATE HIKE
- *FOMC VOTERS AGREED TO WAIT FOR MORE DATA TO GAUGE ECONOMY
But perhaps most notably, several Fed officials are concerned of financial risks from too low rates.