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Much was made of the Federal Open Market Committee meeting minute’s as per usual.  Picking apart the statement reveals a lot of uncertainty at the Fed on raising rates.  The odds of a September hike as measured by the Chicago Mercantile Exchange or CME increased from 15% to 18% after the minutes were released.  Endless jawing about higher rates as has been the case for several years now despite a real lack of data to justify higher interest rates.  Reminds me of the story about the boy who cried wolf.

This is Caleb Lawrence Registered Investment Adviser Scotts Valley Drive and Willis Road in the Scotts Valley Plaza, Suite 202 or call me toll free at 888-RICH PIG / 888-742-4744.

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