PLEASANT HILL, AUGUST 1, 2018 – The FED will speak today and announce its decision for August.  It is not expected to raise interest rates at the meeting that ends this afternoon.  However, it is expected to set the stage for a September hike.

In my opinion, to have the closest impact possible to the midterm elections.  The problem here is that there is disagreement over how many – if any – more rate hikes this market can tolerate before it becomes a chokehold on the economy.

The fundamentals are strong in the economy.  Capital Expenditure – investments in future growth – are in place and have been seen since the 4th quarter of 2017.

The price of crude is going up; though this morning is down 1% to %68.06/bbl.

Respectfully Submitted

The Lee’s Summit Conservative