The Economy: Heading into the holiday weekend, the mixed bag of economic reports continues unabated. Looking ahead, we’re on the home stretch for the Fed meeting in 2-weeks. The last word from the Fed is that there is insufficient data to determine whether liftoff will occur at this meeting. That comment is about as transparent as it’s going to get. Read, “No comment.” We wouldn’t expect anything less. As we’ve said before. If the Fed doesn’t act at this meeting, we would expect liftoff to happen in March 2016. The hitch at this point seems to be the volatility in the stock market.
Food for Thought: Summer wraps us this holiday weekend. Have a great time out there! We Quarterback Money®.