More from Kaplan: Fed should be patient and gradual in removing accommodation
The central bank talk is relentless today
– On CPI, he says that monthly reports are subject to revisions
– Hurricanes will have ‘unusual effect on data’
– Even with another hike, we would still be accommodative
The Fed is hiking in December, nothing (except a 10% fall in the S&P 500) could convince them otherwise.