Archive for October, 2015

September 2015 – Monthly Commentary

October 13, 2015  |   Monthly Commentary   |     |   0 Comment

September 2015 While forecasters had handicapped the probability of a rate hike at the September 17th FOMC meeting at less than 50%, it seems that the expectation was much higher. On the back of the unchanged rate and the conciliatory tone of the Chair at the post-meeting press conference, stocks plunged around the globe as did emerging market foreign exchange rates and commodity prices. Driving commodity prices was the falloff in demand from a ...