BAML: Fed Likely To Hike In September, Will Elicit RallyMark Melin
Bank of America Merrill Lynch analysts expect the Federal Reserve to hike interest rates in September and then expect markets to rally in the aftermath. If action isn’t taken, however, the report notes that the Fed has given in to Wall Street. “If they don’t hike, it’s an admission that Wall Street threatens to reverse the recovery on Main Street.”
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