Fed Remains On Rate-Raise Fence
Foundering currencies and cratering commodities point to reluctance to raise rates when FOMC meets next month.
Foundering currencies and cratering commodities point to reluctance to raise rates when FOMC meets next month.
This indecision over whether to tighten rates is wasted angst.
Michael Wettrich, president and chief executive of the $90 million Education First Credit Union in Ohio, makes the case for supplemental capital at credit unions.
Supplemental capital is a useful tool that is long overdue; however, it is not without risk and potential complications.
A slow summer day, mixed earnings for two symbolic companies, and dropping oil prices present a mixed bag for a sluggish global economy.
Traders shrug at the deal struck between the European Union and Greek Parliament but turn their attention to ECB president Mario Draghi.
Hopefully, U.S. traders are not really focusing on Chinese markets. Why optimism over Greece in Europe is growing also is unclear.
Regardless of what happens in Europe, we can expect one outcome on Monday.
The rhetoric out of Greece suggests the crisis could be resolved as early as next week.
This data-dependent board of governors will do nothing until evidence slaps it in the face.

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Fed Remains On Rate-Raise Fence