Interest rates have been on hold since December 2015. After yesterday’s FOMC meeting, the Federal Funds target range remains at 0.25-0.50 %. In this past weeks statement, there was commentary that the labor market had continued to strengthen while the pace of economic activity had increased slightly. These results “balanced each other out” to the FOMC, negating any imminent near term risks to the economic environment.
Even though this decision prevailed, three members of the committee dissented. Those calling for a rate increase NOW were Kansas City Fed President George, Boston Fed President Rosengren, and Cleveland head Mester. They felt the case for a rate increase had strengthened, but agreed to closely monitor inflation indicators as well as global financial developments in the near term.
Fourteen of the seventeen FOMC members felt there will be at least one rate increase before the end of this year—most likely in December…(The November FOMC meeting is just a few days before the Presidential election and an unlikely time to raise rates!) So what do YOU think will happen?
Series 3 Licensed
Senior Market Strategist
Susan attended the University of Wisconsin Integrated Liberal Arts Program where she received her BA/BE degrees in 1966. After graduating, Susan taught elementary school. In 1980, after watching a family member trade in the pits of the Chicago Mercantile Exchange, she began training with Ira Epstein and G.H. Miller. She passed her Series 3 exam and enrolled in a multitude of technical analysis courses, including: charting, fundamental theory, Gann theory, Market Profile, and seasonal patterns. In 1981, she moved to Rouse Woodstock, which became American Futures, where she helped train brokers to raise equity. In 1982 she formed a trading group and then moved to Refco. In 1994, she joined Jack Carl/Index Futures to pursue the retail hotline business and expand her trading group. In 2011, Susan joined RJO Futures.