If they are seen to be bowing to pressure it will be a mess. The market is already nervous. If the Fed shows they are nervous too, markets will collapse. They said they would be data dependent. The data is telling us the growth and wage growth is solid. Now they do have wriggle room as lower oil prices will take a bit of the edge out of the inflation expectations. That is what I would be saying. Economy is strong. Wage growth is strong. Inflation is being moderated by lower oil prices. Here is your December rate hike. End of speech.
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