The outputs of the September FOMC meeting came in very close to expectations. It turns out that most commentators were right about what they thought they knew, but there was limited information on the outstanding uncertainties. One journalist quipped “The Fed’s mission to become the most boring institution in Washington is on schedule” and while that’s a bit glib — and unfair to a few other contenders — it reflects how far the Fed has traveled in its post-crisis normalization process. It may prove to be an extended calm before the storm, as uncertainties mount regarding the outlook in late 2019 and beyond. This may not be as good as it gets, but here’s what we’ve got.
What the Fed Did
What We Learned
What Comes Next
As iCIMS’ former chief economist, Josh Wright led a team of data scientists in analyzing emerging trends in the U.S. labor market. With publications ranging from academic journals to national media, Wright previously served as a U.S. economist with Bloomberg L.P., and was a staff researcher at the Federal Reserve.