Deciphering the smoke signals from the Federal Reserve

By Luke Bartholomew, Investment Manager, Fixed Income – EMEA, Aberdeen Asset Management

There was no smoking gun in the minutes from the July meeting of the Federal Open Market Committee which would make it inevitable that the US Federal Reserve (Fed) will raise interest rates in September. It is still more likely than not that interest rates will go up next month but only a fool would bet the house on it.

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