Joe Kalish, chief macro strategist at Ned Davis Research, expects the Fed to raise rates by September, making this week's meeting pivotal. With markets already pricing hikes this year he asked 'why wait?' and said a September hike would reinforce Fed independence and credibility. He added there are also solid reasons to hold rates given recent inf data and stable inf expectations.

2026-07-29

Joe Kalish, chief macro strategist at Ned Davis Research, expects the Fed to raise rates by September, making this week's meeting pivotal. With markets already pricing hikes this year he asked 'why wait?' and said a September hike would reinforce Fed independence and credibility. He added there are also solid reasons to hold rates given recent inf data and stable inf expectations.