Chairman Kevin Warsh declined to offer forward guidance, though many expect a hike sometime this year. “Boating interest is being hurt more by inflation than by interest rates,” says Thom Dammrich.
The Federal Reserve’s policymaking committee meets today and, although economists don’t expect a rate increase this close to the presidential election, a move in December now appears more likely than ever.
Concern is growing in U.S. financial markets that the Federal Reserve will raise interest rates later this month, but it was not last week’s economic reports that changed investors’ outlook.
The Labor Department said today that the U.S. economy added only 38,000 jobs in May, the fewest since September 2010.
Financial analysts continued to dice up the Federal Reserve’s 0.25 percent rate hike.
Chairman Kevin Warsh declined to offer forward guidance, though many expect a hike sometime this year. “Boating interest is being hurt more by inflation than by interest rates,” says Thom Dammrich.
The Federal Reserve’s policymaking committee meets today and, although economists don’t expect a rate increase this close to the presidential election, a move in December now appears more likely than ever.
Concern is growing in U.S. financial markets that the Federal Reserve will raise interest rates later this month, but it was not last week’s economic reports that changed investors’ outlook.
The Labor Department said today that the U.S. economy added only 38,000 jobs in May, the fewest since September 2010.
Financial analysts continued to dice up the Federal Reserve’s 0.25 percent rate hike.
