Joe Brusuelas, the chief economist of Top 100 Firm McGladrey, expects the Federal Reserve to raise U.S. interest rates by at least 25 basis points this year, with a further increase early in 2016.
Writing in
After early 2016, he expects the Fed to hold off on further hikes until after the presidential election. “Then, in 2017, the central bank will probably get more aggressive and move rates higher on the back of what will have been a multiyear period of above-trend (2 percent) growth,” he wrote.
The September issue of The Real Economy also includes an overview of global financial conditions, and a recap of results from McGladrey’s third quarter Middle Market Leadership Council survey. You can view it online