A Fed Rate Rise Coming in September?

 

Despite futures market indications and urgings by Federal Open Market Committee (FOMC) leaders to delay a looming federal funds rate hike, CME Group Chief Economist Blu Putnam anticipates a September increase, pointing to a healthy labor market and stable inflation rate as signs of the economy’s strength.

Putnam addresses pertinent concerns regarding hourly wages, labor force participation, and recent financial crises in China and Greece. While many believe such factors warrant a rate rise delay, Putnam expects a compromise between eager and weary FOMC members earlier than most.

 

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