Fed Watch: FOMC's Window of Opportunity for Rate Hike Now Closed

The Federal Open Market Committee (FOMC) is once again expected to leave rates where they are as it continues to assess the extent of recent signs of weakness in the U.S. economy. Julian Jessop of Capital Economics said that given the Fed didn't move on interest rates in June, the odds of a change in rates now is even less likely. However, Jessop said there is a chance Charles Plosser will join fellow FOMC hawk Richard Fisher in voting for an immediate rate hike... Read More Now