Taking a break from our non-stop Brexit coverage, we want to highlight a key development that on the US monetary policy front that may mark a significant shift for markets heading into next year. In a marked shift from the previous “party line,” two Fed members came out with relatively cautious assessments of the US economy this morning. As my colleague Fawad Razaqzada noted earlier today, “The Fed’s Deputy Chairman Richard Clarida said he is seeing evidence of a slowing global economy and that interest rates were "close to the neutral range,” although still rejected suggestions that the central bank has gone too ... (full story)