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:
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...