The Federal Reserve would lose credibility if it doesn’t raise rates Wednesday, according to Charles Schwab’s chief investment strategist, Liz Ann Sonders. ‘We think they move off of the zero bound,’ Sonders said. ‘I think they’ve certainly been telegraphing that.’ The markets are pricing in an 81 percent chance the Fed lifts interest rates off of crisis-era levels when it wraps up its last policy meeting of the year on Wednesday. Following the initial rate hike, Sonders thinks there will still be an obsession with the Fed in 2016. ‘We start to lose some of those negative year-over-year comparisons in terms of commodity prices on the downside and the dollar on the upside,’ she added. Sonders speaks with TheStreet’s Scott Gamm in New York.
More from Video
Amid the Selling, Here's the Big Question Now
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.