“As we expected, the Federal Reserve announced today that there would be no rate increase this month, Celia said. “At best, it will be next month, then possibly again in December. But it will all depend on economic data. I know the Fed says it does not consider the market, but in my opinion, it watches the market very closely. Economic data will have to look much better, if that data is indeed what drives the Fed’s decision to raise rates. All I see are more false positives, but not real organic growth in this economy.”
Celia addresses important financial headlines and takes calls from around the country on his daily radio and television program, “Financial Issues,” which airs on more than 600 radio stations. The program is also seen on the National Religious Broadcasters (NRB) television network, reaching 45 million households, and BizTV, which reaches millions more in major markets.
For more on Financial Issues Stewardship Ministries, visit its web site at www.financialissues.org, its Facebook page, the YouTube channel,Financial Issues with Dan Celia or its Twitter feed, @financialissues.
To interview Dan Celia of Financial Issues Stewardship Ministries,contact Jen Retallick, 610-584-1096, ext. 100, Media@HamiltonStrategies.com, or Deborah Hamilton at 215-815-7716 or 610-584-1096, ext. 102.