Friday, July 29, 2016
Econ70 Reports: Fed Preparing Market for Interest Rate Hike
According to nationally acclaimed economist, Elliot F. Eisenberg, PhD, the Fed is considering an interest rate hike. This was posted on Eisenberg's website yesterday:
"Yesterday’s Fed statement suggesting that “near-term risks to the economic outlook have diminished” that “job gains were strong” and “household spending has been growing strongly” indicates a Fed that’s again taking steps to prepare the market for a rate rise, probably in December. But, if July and August employment and inflation numbers are strong, a September rate rise is certainly possible. Listen for more clues during Fed Chairman Janet Yellen’s talk on 8/26/16."
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