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CNN: Fed Rate Hike Not a Done Deal


Although it has been widely suggested that the Federal Reserve will be raising interest rates in the coming weeks, CNN pointed out on Monday that there’s a chance the prediction won’t play out.

According to the news source, there are five key factors that may keep the Fed from making a move.

Bad wage growth, the decline of oil prices, a gloomy global economy, summer shoppers and jobs and inflation were all cited.

“If they don’t do [a rate hike], it’s going to be more market related and more international related,” believes Sam Bullard, senior economist at Wells Fargo in Charlotte, N.C.

Image via flickr/Picture of Money

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