Odeon's Dick Bove says the Fed is Likely to Raise Rates Next Week, 'much better for markets than avoiding a rate increase'

Odeon's Dick Bove says the Fed is Likely to Raise Rates Next Week

• "It is highly likely that the Federal Reserve will raise interest rates next week. "

The analyst comments "It is highly likely that the Federal Reserve will raise interest rates next week. I would estimate by 25 or even 50 basis points. This will be much better for markets than avoiding a rate increase. The reason is clear. If the Fed fails to raise rates, it will be signaling that: There is a crisis in banking and, It is not serious about inflation. This would be a big mistake and I do not think the Fed wants to make yet another one."

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