Summit Place Financial Advisors founder and president Liz Miller said a Federal Reserve rate hike expected next week is “not fundamentally necessary” given overall economic stability.
Miller said most investors believe the Fed will raise rates and that she also sees a high probability of a move. However, she said parts of the economy remain stable, core inflation is gradually declining, and policymakers can continue monitoring whether rising oil prices spread more broadly.
Summit Place Founder Says Fed Rate Hike Is Not Fundamentally Necessary
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