This Strategist Is Betting Against a September Fed Rate Hike as Markets Turn Hawkish After Kevin Warsh’s Jackson Hole Speech: 'It's Not Going to be Material'
Hightower Advisors' Stephanie Link said she doesn't expect the Fed to raise interest rates in September, despite rising odds of a hike.
Some money experts think the Federal Reserve probably won't raise interest rates next month, even though other people are betting it will. When the Fed changes interest rates, it affects how expensive it is to borrow money, which matters for all kinds of companies and investments.
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