I think so with markets surging so much. Really what are they waiting for at this point? The labor market seems tight too from what I've been reading.
Rate hike in July.... Hahahahahhahahahahhahahahahahhahahhahahahahahahahahahhahahahahhahahahahahahahhahahah Rate hike hahahahahahahahhahahahahahhahahahhaha That shouldn't even be a question...... The answer is NOOOOOO Hahahaha Rate hike hahaha.....
They should, but they won't. The excuse will be... "need more time to see if labor market really is ok" or something along those lines. Today is the last day to manipulate some data, CPI retail sales, trust me they will tinker with the numbers to give them cover to sit tight. Yellen is trying to help Clinton so she can keep her job, if Trump wins, shes history.
They won't move in July, because they would have hinted by now. But I agree they should raise. So much of their internal discussion and fretting is about whether the market would handle it or not. Clearly, right now it would.
I don't know whether it's gonna happen or not, but logic says it should happen. SPY just reached its historical maximum, they planned more hikes later this year, the election is still far away... Maybe it's the best time.
Lately FED runout of excuses, but, Thanks to the Brexit, most likely, no hike by December at leats - Perfect excuse for FED.