Fed rate hike: Did timing change or is it just the wind?

Russell Investments’ chief investment strategist Erik Ristuben explains how economic data—specifically retail sales and the Producer Price Index (PPI)—affected US markets this week and why median expectations for US earnings season decreased when compared to the third quarter of 2015. Ristuben then discusses a recent economic report released by the Fed, widely known as the “Beige Book,” and why it sparked speculation that a Fed rate hike timing may be delayed until 2016.

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