22-08-2016
Weekly comment MM Prime TFI - August 22, 2016
The establishment of historical records on Wall Street apparently was not accidental. Even a week of weaker sentiment resulted in neutral ending, keeping indices close to records. Last FOMC meeting, which showed indecision among the local central bankers found fertile soil. They do not see the trouble of inflationary pressure, while data from the US economy, although good, is not yet convincing. Therefore it seems, that rate increases in September is not a basic scenario.