CNN: Fed Rate Hike Not a Done Deal
Although it has been widely suggested that the Federal Reserve will be raising interest rates in the coming weeks, CNN pointed out on Monday that there’s a chance the prediction won’t play out.
According to the news source, there are five key factors that may keep the Fed from making a move.
Bad wage growth, the decline of oil prices, a gloomy global economy, summer shoppers and jobs and inflation were all cited.
“If they don’t do [a rate hike], it’s going to be more market related and more international related,” believes Sam Bullard, senior economist at Wells Fargo in Charlotte, N.C.