Capitol Concern

Unless Speaker Boehner can raise the debt ceiling and fund the government through 2017 before he resigns on 10/31/15, the Fed may again delay raising rates. If these issues aren’t resolved, it will fall to presumed Speaker McCarthy to solve them by 12/11/15. He’ll be loath to cut a deal with Democrats on his first major piece of legislation. The Fed meets 12/15/15. Think rookie mistakes and market volatility.