Don’t bet on a Fed rate hike

By scott miller

Not so fast! Just when investors were getting comfortable with the idea of the Federal Reserve raising its benchmark rate for the first time since December (and only the second time since 2006), the worst jobs report since September 2010 seems likely to have taken any such step off the table for the near term – again. The Fed had once expected to have as many as four quarter-point rate hikes this year. Then, in the face of an economy buffeted by the low price of oil and the slowdown in China, that number was reduced to two. Late last …

Source:: Vail Daily Feed