PHILADELPHIA, Pa.—After a two-day meeting this week, the Federal Reserve announced yesterday that it would leave interest rates unchanged—not much of a surprise to those who are following a stagnant economy.
Janet Yellen went on to say in a Federal Open Market Committee statement that “near-term risks to the economic outlook have diminished” and the labor market is becoming tighter, Bloomberg reported, “suggesting conditions are getting more favorable for an increase in borrowing costs.”
Financial expert and national television and radio host Dan Celia says that while many think this may be a hint of higher rates in the fall, he disagrees.
“Janet Yellen said yesterday that the near-term risk to the economic outlook has diminished,” Celia said. “I’m not exactly sure what she considers as ‘near-term risk’ but nonetheless some are indicating that she is signaling a rate hike in September. In my opinion, that is extremely unlikely, but she possibly wants to run it flag up the pole and see what happens. One of the things we must be concerned about is the global economic outlook, and Janet Yellen will certainly take a strengthening dollar that would come as a result of raising rates into consideration—not to mention the political ramifications of raising rates in September.
“Raising rates would drive markets lower and increasing concerns for the possibility of four more years of Obama economics and would not be good for the Clinton campaign,” Celia continued. “But Yellen still continues to deny that the Federal Reserve has been politicized, and this would be an opportunity to drive home that point. But it’s not very likely.”
Earlier this week, Celia talked about the economy live from the DNC at the Wells Fargo Center in Philadelphia during “Cavuto: Coast to Coast.” Last month, Celia was also in attendance at the exclusive Donald Trump meeting with evangelical leaders in New York City.
Celia leads Financial Issues Stewardship Ministries (FISM, www.financialissues.org) and hosts “Financial Issues” daily 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. To view Celia’s recent show clips, click here. “Financial Issues” is now also live-streamed Monday through Friday from 9 to 11 a.m. ET on the Financial Issues with Dan Celia YouTube Channel.
Daily, Celia addresses important financial headlines, takes calls from around the country, and focuses on current economic trends and critical mass in corporate America. He accurately predicts rises and falls in the U.S. and global economies. He also hones in on godly financial stewardship when talking to thousands who want to honor God with their finances.
Celia also educates listeners and viewers about his stock “sell” list, encouraging those who strive to be biblically responsible with their investing to sell certain stocks based on the company’s involvement in immoral or anti-biblical issues, such as having stake in Planned Parenthood funding, pornography, same-sex marriage or other matters that should be concerning to Christians.
A financial expert and author backed by decades of financial experience, Celia is personally in touch with thousands of people each week from across the country. He has worked for 35 years as an entrepreneur and businessman, and has developed a biblically responsible system of financial management with great success. Celia started his radio program in 1997 and has interviewed newsmakers, experts, lawmakers and presidential candidates. He speaks at conferences, town hall meetings and investment conferences around the country, is the author of six books and publishes a weekly newsletter.
For more on Financial Issues Stewardship Ministries, visit its web site at www.financialissues.org, itsFacebook 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.
Dan Celia is president and CEO of Financial Issues Stewardship Ministries and host of the national syndicated radio talk program “Financial Issues,” heard daily on more than 600 stations across the country and in millions of homes through NRB-TV, BIZ-TV and others. FISM believes that only revival will transform America back to its Judeo-Christian heritage and biblical values.