Hawkish Fed guidance keeps a December rate increase on table

The Federal Reserve sent a hawkish signal at its October FOMC meeting. The lack of a press conference is felt, the short intermeeting period, and the pre-existing divide on the committee would lead to only minor changes in the statement. 

In the event, the committee removed the sentence on global risks, "recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term" and strengthened its forward guidance on liftoff, stating the conditions under which it will determine "whether it will be appropriate to raise the target range at its next meeting." 

"The new language clearly keeps a December hike on the table", says Barclays.