Yesterday’s Fed statement suggesting that “near-term risks to the economic outlook have diminished” that “job gains were strong” and “household spending has been growing strongly” indicates a Fed that’s again taking steps to prepare the market for a rate rise, probably in December. But, if July and August employment and inflation numbers are strong, a September rate rise is certainly possible. Listen for more clues during Yellen’s talk on 8/26/16.
Elliot F. Eisenberg,
Ph.D. GraphsandLaughs, LLC