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See You In September?

As of Monday, ARead Entire Article...ugust 1, 2016, the fed funds futures market is pricing in less than a 20% chance that the Federal Reserve (Fed) raises rates by 25 basis points at the conclusion of its next policy meeting on September 21, 2016. This assessment is the result of the Federal Open Market Committee (FOMC) statement released on July 27, 2016, which provided no hint of a hike as soon as September, and a weaker than expected report on gross domestic product (GDP) in the first half of 2016, released on Friday, July 29, 2016. We continue to expect that the Fed will raise rates once this year, likely at the December 2016 meeting. However, there is likely a narrow path to a September hike, which includes U.S. manufacturing, financial conditions, the labor market, wage inflation, actions of foreign central banks, and of course comments from key Fed
officials. We’ll take a look at that potential path in this week’s report. Read Entire Article…

LPL Financial Research

Written by: LPL Financial Research

The LPL Financial Research team provides you with actionable, unbiased investment advice. We offer sophisticated, quality advice that evolves with the shifting investment landscape. We recognize the critical role that timely, independent, objective research plays in the day to day.

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