For markets, bad news is still good news

September 2, 2016 5:01 PM

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For markets, bad news is still good news

The scorecard this year, then, won't be pretty for Fed forecasting: Four projected rate hikes in December, cut to two in June, cut to — maybe — one by the end of the year.

"They seem to be somewhat snake-bitten," said David Donabedian, chief investment officer at Atlantic Trust Private Wealth Management. "Just when they make a concerted effort to prepare the markets for an imminent rate hike, the economic data goes south. That appears to have happened again."

Also read: U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent

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