We asked traders whether the Fed will raise rates this September
Will the Fed raise interest rates?
#1Will The Fed Raise Rates?
After last Friday's Jackson Hole meeting many were left scratching their heads over Fed chairwoman Janet Yellen's speech. While Yellen has argued that the case for a federal rate hike has strengthed--with little information on when the hike might happen--the Fed meeting left more questions than answers for people. Even as the ADP National Employment Report has provided an encouraging outlook on employment in the United States, even this may not prevent the Fed from raising lending rates.
To help us sort through the Fed's remarks in anticipating its next moves, we asked traders, Will the Fed tighten rates at the upcoming September meeting in your opinion? Why or why not?
Here's what they had to say...