Author: Sound Income Strategies

Scranton Press Release

Leading Market Analyst Tells CNBC Why the Fed’s Short-Term Rate Launch May Be Doomed to Return to the Launching Pad

Fort Lauderdale, Fla. – When the Federal Reserve finally raised short-term interest rates from zero to a quarter-percent on Wednesday (Dec. 16), one of the market analysts contacted by the media was Sound Income Strategies Founder David Scranton. Scranton has been on record since last year saying that if the Fed raised rates at all in 2015, it would only be by a fraction of a percent because that was their only option. Following Wednesday’s announcement by Fed Chairman Janet Yellen, Scranton appeared on CNBC’s Closing Bell to explain why he believes the Fed’s plan for gradually increasing rates further in the next two years is hampered by many of the same factors that played into his original forecast.

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