U.S. jobless claims may see a spike in the next two weeks in the immediate aftermath of Hurricane Harvey and if Irma hits Florida as forecast, says Brett Ewing, chief market strategist, First Franklin Financial Services.
Fiscal policies are needed to get US growth going but Congress isn’t helping
“We believe that both the market and the Fed will be much more concerned with how the balance sheet normalization will go and we expect the Fed to begin the normalization sometime before the end of the year,” says Brett Ewing, chief market strategist for First Franklin Mortgage, in a statement. “It will likely use the remaining two press conferences to focus on questions the market may have.”
Brett Ewing Chief Market Strategist First Franklin Financial Services Discussing the Fed policy and the possibility of waiting on another interest rate hike until 2018.