when will the Fed raise rates

When Will the Fed Raise Rates?

In August, Money Morning Capital Wave Strategist Shah Gilani answered the question, "When will the Fed raise rates?"

He said that, should U.S. stocks rally over the summer, he expected a September rate hike.

But rally they did not...

On Aug. 24 -- "Black Monday" -- the Dow Jones Industrial Average fell 1,089 points minutes after market open due to a stock market crash in China. The DJIA ultimately lost 586 points that day. Black Monday changed the Fed's outlook over a rate hike in 2015.

Next, Gilani forecasted when the Fed will raise rates if U.S. stocks declined. Watch the video to get his prediction on the timing of a Fed rate hike now:

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Should We Abolish the Fed? Millions of Americans assume the Fed acts in the nation's best interest and that our nation has always had a Fed. But the central bank's original, century-old purpose no longer applies to modern-day markets. Far worse than that, the Fed's actions have actually damaged the U.S. economy...