Rate hike unlikely at Fed meeting

July 27, 2016 6:34 PM

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Rate hike unlikely at Fed meeting

“The meeting will be a big yawner this time around,” says Aaron Clark, portfolio manager at GW&K Investments. “They’re not going to raise rates. There’s no press conference (with Fed chair Janet Yellen). And there’s no update on the dots." Those are the Fed member estimates on when and how fast -- or slow -- interest rates will be increased.

That doesn’t mean Wall Street won’t be combing through the Fed policy statement in search of clues related to the timing and pace of coming interest rate hikes. The Fed, of course, lifted rates off zero back in the December for the first time in nearly a decade. But they have held off on rate hikes ...

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