Analyst: Not Convinced the Fed Will Raise Rates Next Week, US Stocks May See a Positive Day

Odaily News: Kim Forrest, Chief Investment Officer at Bokeh Capital Partners, said: "I'm not sure the Fed will raise rates next week, even though the decline in year-over-year hourly wage growth may point to an increased likelihood of a rate hike between now and the end of the year. But I still don't believe it will happen next week. Today's data is not enough to cause investors to panic and flee. We will see stocks have a positive day. This largely stems from yesterday's negative movement, which in my view was an overreaction."