Who Are the Three Fed Dissenters?

The transcript discusses the recent dissents within the FOMC, highlighting Eric Rosengren's shift towards a hawkish stance due to concerns about financial market imbalances. It notes the historical significance of having three dissents and the probability of a rate increase in December and February. The discussion also covers the FOMC's current views and expectations for future rate hikes, with a focus on the balance of risks and the dots chart indicating potential rate changes.

Who among the FOMC members recently changed their stance to support a rate hike?

• Esther George

• Loretta Mester

• Jim Bullard

• Eric Rosengren

What was reintroduced in the FOMC statement that signals a potential rate hike in December?

• Employment goals

• GDP growth forecast

• Inflation target

• Balance of risk

What is the probability of a rate hike in December according to the market expectations discussed?

• 100%

• 75%

• 53%

• 25%

How many FOMC members are currently looking at a rate rise by the end of the year?

• 10 out of 16

• 14 out of 16

• 16 out of 16

• 12 out of 16

What is the current long-term neutral rate according to the FOMC's dot chart?

• 4.75%

• 3.75%

• 2.75%

• 1.75%