Jul
29

Rate Reluctance

fed tableWhile the Fed did not raise rates at today’s just concluded interest rate setting meeting, they removed any semblance of date guidance and again told us that the data will determine when the first rate rise since 2006 occurs. No more training wheels. If both labor reports between now and mid-September are strong, I bet the Fed will raise rates in September, and if wage growth strengthens, it’s a certainty.

Share This Post
Facebook Twitter Email

Speak Your Mind

*