Société Générale argues that the FOMC should hike well before September.

(I posted earlier on the upcoming Federal Open Market Committee meeting schedule here: Poll says Fed will hike in September. If you check out the schedule, a pre-September hike would mean June or July.)

  • The say that the FOMC would be "best served by getting the first hike out of the way"
  • It should not leave markets to contend with this uncertainty for many more months
  • The September meeting is 5 months away: an eternity
  • Recent wild market volatility is a function of this uncertainty; and markets do not like uncertainty

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