Fed will not raise rates in Sept., Merrill Lynch predicts By Rex Nutting
WASHINGTON (MarketWatch) -- The Federal Open Market Committee will not raise interest rates at its Sept. 20 meeting, Merrill Lynch chief North American economist David Rosenberg predicted Thursday. "We are clearly in a state of economic uncertainty and the prudent thing to do in such times is to do nothing at all," Rosenberg said. "The economy was already clearly losing momentum heading into Katrina."
WASHINGTON (MarketWatch) -- The Federal Open Market Committee will not raise interest rates at its Sept. 20 meeting, Merrill Lynch chief North American economist David Rosenberg predicted Thursday. "We are clearly in a state of economic uncertainty and the prudent thing to do in such times is to do nothing at all," Rosenberg said. "The economy was already clearly losing momentum heading into Katrina."
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