Fed on course for September rate hike and October crash?

[dancingshoes]

There’s a growing consensus that September will see the Fed hike interest rates. That could be the cue for a Wall Street Crash in October, the usual month for this phenomenon. US market look like China’s did before the crash last month.

Adam Posen, president of the Peterson Institute for International Economics, talks about interest rates and the Fed…

http://www.arabianmoney.net/us-stoc...se-for-september-rate-hike-and-october-crash/