Tomorrow is another “interesting day for interest rates” federal reserve
chairman Yellen will deliver her testimony before the senate banking committee which she probably will read her notes from July. Why am I so negative on tonight’s chart? Everyone is asking “Will we see a rate hike?” If I was the chairman of the Federal Reserve
I’d say that we have to take a risk and raise the rates to make interest and pay off stuff. Watch the financial sector $xlf $fas and $KRE sector too.