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Weekly Compass: A Capital Markets Update

August 29, 2016

Yellen Indicates the Case for a Rate Increase Has Strengthened  

At the annual Jackson Hole Monetary Policy Symposium on August 26, Federal Reserve (Fed) Chair Janet Yellen announced that the case for a federal funds rate increase recently strengthened, given the solid performance of the labor market and a positive outlook for economic activity and inflation. Yellen’s comments are consistent with Fed board member Stanley Fischer’s speech indicating that the economy is performing close to targeted levels and investment spending appears to be recovering. Because this is a presidential election year, we believe a December rate hike is more likely than a September or November increase. 

Strength Across the Board










At Pioneer Investments, strength begins with our consistent, structured investment process based on research, active portfolio management and a careful balance of risk and reward. The results speak for themselves. 


What investors are watching this week:
US Data Releases. Read more on our Weekly Compass.


Investors will get a look at the health of the US housing market when new housing start data is released on August 16. July inflation data is due the same day. The expectation is for a 0.9% year-over-year increase and a 2.3% inflation rate.

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