Although the Fed did not increase interest rates at its last meeting, just as it hasn’t since December 2015, certain factors suggest a rate hike will very likely come in December 2016.Although the Fed did not increase interest rates at its last meeting, just as it hasn’t since December 2015, certain factors suggest a rate hike will very likely come in December 2016. They include the following.
Three members of Federal Open Market Committee (FOMC) did not agree with the decision to not raise rates last week and preferred a 0.25 percent increase. The Fed’s November meeting is scheduled six days before the 2016 election, an unlikely time for a rate hike. The Fed’s policy statement after the September meeting recognized that the economy wa...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
