Weekly Economic Briefings > Us Weekly Economic Briefing

Comments from several Fed officials this week support our view that the Fed will raise rates next month. Though some officials are concerned about the long-run potential of the economy, the near-term backdrop looks solid enough to warrant a rate hike in September. The minutes of the July meeting show that the FOMC was split on whether the economy was ready for another rate hike. Doves expressed concerns about persistent headwinds, while hawks thought the data signaled tighter monetary policy was warranted.