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Relax entrepreneurs… The Fed may not raise rates in September

Entrepreneurs of the world can probably rest easier as it appears far less likely that the Fed will slam on the old economic brakes with a rate increase. Due to a slew of recent data that shows the economy may not be as strong as previously believed. Case in point a consumer sentiment number unexpectedly tumbled in September 85.7. This number takes on added importance as the Fed President in NY has previously expressed doubts about the need for a near term interest rate hike. So take a deep breath and relax…they were going to do what they were going to do no matter what, but this may just buy business owners a little more time to prepare. Here is a video and a link to a related story from CNBC.