By Matthew Kerkhoff
All eyes will be on the Fed next week, as they deliberate whether to raise rates for the first time in nearly a decade. The decision will be arduous, to say the least, as there has been a growing divergence in fundamental indicators, and global markets have already tightened conditions on the Fed’s behalf.
If you forced me to place a wager one way or the other, I would lean towards no rate increase. But I’m no oracle so let’s walk through some of the data the Fed will be looking at and you can make up your own mind.
First we’ll discuss the areas of strength in the economy that warrant a rate hike, then we’ll go over the arguments in favor of leaving rates unchanged.
The most recent revision to GDP showed that the U.S. economy grew at a 3.7% rate during the second quarter, a pace that is at the ... Log in or subscribe to continue reading.