Fed edging closer to interest rates hike

On Market Week in Review, Investment Strategist Paul Eitelman discusses the likeliness of interest rates hike in 2015 following US data reports this week, including second quarter GDP, July Federal Reserve meeting notes and the employment cost index.

Maintaining Russell Investments’ long-held view that a September rate hike seems most likely, he notes the importance of information in the weeks ahead that could possibly shift it one way or another, particularly inflation data.