Jul 29/15 – If you aren’t going to sit through the pain, why bother?

Today the FOMC committee meets to set monetary policy. Although markets expect no immediate change to the Fed Funds rate, they are pricing in roughly a 40% chance the Fed will raise rates at September’s meeting.

Recently the Federal Reserve committee members have been sending signals rates will rise sooner rather than later. Gavyn Davies from the FT wrot…