Thesis AM's Paterson: Chances of US rate hike before year-end now higher
Key data stronger, but markets unconvinced
The US Federal Reserve is keeping the door open for an interest rate increase later this year despite the uncertainty caused by the presidential election, according to Thesis Asset Management's Ryan Paterson.
Paterson, a research analyst at Thesis, points to data showing an increase in domestic consumer spending and expansion in both the manufacturing and services segments of the economy, despite the August...
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