Fed Raises Short-Term Rates, Suggests 3 More Hikes Next Year
Investor Ideas Adds New #Bitcoin and #Blockchain Stocks to Directory ($IBKR), ($CBOE), (CSE: $VS.C)
Ewing Interviewed By Fred Katayama
Since we have been positive on what the market is deeming to be “Trump Sectors” all year, we are growing increasingly worried about the “too much too soon phenomenon.”
Federal Reserve policymakers keep their key interest rate steady, putting the central bank on the sidelines until after Election Day.
The Federal Reserve isn’t expected to hike rates tomorrow, but Brett Ewing, Chief Market Strategist at First Franklin Financial Services says that he sees the Fed raising rates in December if Hillary Clinton wins the U.S. election.
Many economists believe a recession is still a possibility, which has been stoked by the breakdown in traditionally reliable indicators
After today’s ISM Manufacturing Index showed a surprise contraction in August, we feel this is just the thing the Fed needs to continue to explain the hold they will decide on in September
With the latest Fed minutes released today we saw much of the same thing we have seen throughout 2016. Excuse after excuse on why they must wait to raise rates. This is a smart tactic to push expectations on something most in that room don’t want to do until they are entirely sure of a stable world situation. Expect more of the same until after the election.