Today, we had comments from three Fed officials: Dennis Lockhart, President of the Atlanta Fed, Neel Kashkari, President of the Minneapolis Fed, and Fed Governor Lael Brainard. The latest commentary from Governor Brainard today indicated the need for "prudence" and caution, and that this is not the time to increase rates. With low interest rates for years, investors have been encouraged to put their cash to work in more risky assets. Interest rates are likely to head higher over the next few years. While rising interest rates "should" coincide with a rising and stronger economy, we have probably not seen the last of the market downturns or "tantrums" as we saw on Friday.

Source: Huffington Post September 13, 2016 01:52 UTC