Interest rate picture still muddled

By scott miller

“Sometimes the porridge is really hot; sometimes the porridge is really cold; this one is in between.” — Labor Secretary Thomas Perez on the August unemployment report.Vacationing investors were thinking that the jobs report for August would tip the Federal Reserve’s hand one way or another regarding its plans for raising its benchmark rate, but a so-so report only muddled the issue. As a result, Wall Street now thinks a hike is unlikely, though not impossible, in September, and that the Fed will probably wait until after the election before acting. On Aug. 29, in contrast, the S&P 500 Financial …

Source:: Vail Daily Feed