What the FOMC Needs to See
At their July confab, the FOMC upgraded their outlook for the US economy and signaled their willingness to raise rates again before too long. Â
Q2 GDP data was certainly disappointing.  However, we do not believe it will cause the Fed to drastically reconsider their plans. There is much economic data to come between now and September’s meeting, and we have identified three things the Fed needs to see in order to raise rates this year. Â
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