Nuveen’s Dan Close sees a Fed hike more likely in September
Nuveen’s Dan Close says a Fed rate increase on September 16 is more likely than October 28, citing that raising rates a week before the election is tough. He points to August’s stronger-than-anticipated jobs report.
1413 ET - An interest rate increase by the Fed on September 16 is more likely than on October 28, Nuveen's Dan Close says. "You know, raising rates about a week before the election is tough," he says.
August's jobs report was stronger than anticipated, boosting bets on a September hike.
Close, who…