What’s in the News:
On Friday, August 26th, Federal Reserve Chairwoman, Janet Yellen, signaled the possibility of an interest rate hike in the near future:
“I believe the case for an increase in the federal funds rate has strengthened in recent months. Of course, our decisions always depend on the degree to which incoming data continues to confirm the Committee's outlook.” 
As the Fed Governors analyze and debate whether the incoming economic data is strong enough to change monetary policy, as the chart below shows, the market is betting on a 70% chance of a 25-50bps increase or a 30% chance of a 50-75bps increase at the next Fed meeting in September. The probability of an increase by the end of the year is at 43%. Is this finally the good news that income investors have been waiting for?
Source: CME Group, as of August 29, 2016
What are we thinking?
Interest rate hike or not, our Current Income Portfolio is structured to potentially benefit in a rising rate environment, while also providing income investors with high income in a low rate environment, such as we have seen these past few years. While we wait for interest rates to rise, our intermediate term, investment grade portfolio can help your clients generate income.
 Board of Governors of the Federal Reserve System, visited on 8/29/16
This information is intended solely to report on investment strategies and opportunities identified by Roosevelt. Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. This material is not intended as an offer or solicitation to buy, hold or sell any financial instrument. References to specific securities and their issuers are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities. Please contact us at 646-452-6700 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions, or if you would like to request a copy of our Code of Ethics. Our current disclosure statement is set forth on our Form ADV Part II, available for your review upon request, and on our website, www.rooseveltinvestments.com.
Past performance is not a guarantee of future results. Indices are unmanaged and cannot accommodate direct investment. Themes assigned as per Roosevelt Investments’ evaluation. Risk tools may include cash or other securities that we believe possess a low or inverse correlation to the overall market.
INVESTMENT PRODUCTS: NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE