Talk of the Fed sleepwalking into a dreaded policy error looks to be picking up, according to the analysts at ANZ.

Key Quotes

“We like the overall design of the Fed’s balance sheet trim-plan and the gradualist approach taken till now. But the Fed has been at pains to underscore that it believes recent low inflation readings are transitory and is talking like it will press on with policy, even though they are also quick to say that policy is not on a pre-set course. Nonetheless, tightening in an environment of falling inflation has some worried.”