Rate Rationale

brainerdThe US economy is slowing but not severely, moreover some of it’s due to a rise in inventories that’s hurting manufacturing and some is due to the rising dollar. That said, Q3 GDP will not exceed a feeble 1.5%. Additionally, Fed Governor Brainerd is suggesting inflation’s too weak to risk a rate rise. These happenings make a December rate rise highly unlikely absent 200K+ employment growth in October and November.

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