This morning brings the usual interesting commentary about last week's decision and announcement from the Federal Open Market Committee, from William Polley, from Tim Duy (at Mark Thoma's Economist's View), and from James Hamilton. It's Monday, so it also brings the latest estimates about where things are headed, from the market prices on options for federal funds futures. Without further delay:
Here's the data: Download implied_pdf_november_092305.xls
The estimation wizards are still not quite comfortable in posting the results for the December meeting. I will tell you this much -- it does not appear that a clear pause/no-pause sentiment has yet emerged. I will update if more information is made available.