Chances rising for Fed rate hike

By scott miller

Investors bided their time for most of last week. They were waiting for Friday when, it was hoped, they’d gain some clarity about the Federal Reserve’s timetable for raising its benchmark rate from the speech that Chairwoman Janet Yellen would deliver that day at the annual meeting in Jackson Hole. While her message at the annual meeting in Jackson Hole was upbeat — and the odds of a September hike increased from 21 percent to 36 percent — no date was indicated. The key determinant in any next step is now seen as the jobs report for August which will …

Source:: Vail Daily Feed