Analyst: Walsh's speech should have served as a forward-looking guide for the July meeting

ON 28 AUGUST, GEORGE CATRAMBONE, MANAGING DIRECTOR OF FIXED GAINS FOR THE AMERICAS OF DWS, ADDRESSED FEDERAL RESERVE CHAIRMAN WALSH, SAYING, “NO MATTER WHAT YOU CALL IT, THIS IS EXACTLY THE FORWARD-LOOKING DIRECTION THE MARKET EXPECTED AT THE JULY MEETING OF THE FEDERAL OPEN MARKET COMMISSION (FOMC).” “I AM LISTENING TO A FEDERAL RESERVE CHAIRMAN WHO MAY TIGHTEN MONETARY POLICY. HE TRIED TO KEEP THE BALANCE IN HIS SPEECH, BUT THE FED IS LIKELY TO INCREASE INTEREST RATES.”