Like the Great Pumpkin of Peanuts fame, a fed funds rate increase likely will go unseen again this year. Though two meetings remain on the calendar, we believe the window of opportunity for a 2015 hike has closed.
Summer has come and passed. Can zero interest rates really last? Seven years has gone so fast. Wake me up when September ends. Green Day fan or no, an investor could be forgiven for wanting to sleep through the volatility that has emerged over the past couple of months in anticipation of the FOMC’s pivotal September 16–17 policy meeting.
Citing concerns about global developments, the Fed maintained its zero interest rate policy following its latest policy meeting. Voya Investment Management's investment leaders provide their thoughts on the the Fed's announcement.