Joe Kalish: There is a reason for the Federal Reserve to raise interest rates in September, but data and inflation expectations support holding back

According to Golden Ten Data on July 29th, Joe Kalish, Chief Macro Strategist at Ned Davis Research, expects the Federal Reserve to raise interest rates in September and believes that raising interest rates will enhance the Fed's independence and credibility. However, he also pointed out that the latest inflation data and stable inflation expectations support the Fed to maintain interest rates unchanged.