NY Fed Survey: Dealer saw Dec liftoff before Oct meeting

NY Fed Survey

• "Many" and him and primary dealers expected no guidance change at October meeting

Note the survey was done before the October meeting, so it is old news. A lot of water has flown under that bridge since that time uncluding the October meeting where they changed the language to make the Dec meeting more "live" and the November unemployment report.

The survey and results can be found here

One question centered on Dealer estimates for GDP, Inflation and Employment. They are comparable to the Fed's projections. Below are the differences.

GDP - Dealers see higher GDP in 2016 vs Fed

Core PCE - Dealers see higher core inflation in 2016 vs Fed

Headline PCE. Dealers see higher headline inflation in 2016 vs Fed.

Unemployment rate - Dealers see lower Unemployment rate in 2016 vs the Fed.