Key Event For Today: The Federal Reserve Announces Its Latest Interest Rate Decision
At 2:00 p.m. EDT, the Federal Reserve is expected to raise interest rates. Issues related to this include. Future expectations?
This morning CNBC published a report noting that JP Morgan expects four rate increases. We think this is way too aggressive, So far this year, the economy is weaker than the Federal Reserve forecast. In fact St. Louis Federal Reserve President James Bullard called for no rate increase recently.
Nevertheless, expect the increase. More comments after the meeting later today.