From the International Business Times:
U.S. stocks closed higher Friday after fluctuating during afternoon trading as investors weighed a series of mixed data and earnings reports, pointing to expectations the Federal Reserve will delay a rate hike this year. The likelihood of the Fed hiking borrowing costs before the end of 2015 diminished again this week after two top Fed officials came out strongly in favor of delaying a rate hike until next year, while mixed retail sales and inflation data triggered sizable downgrades to estimates of third-quarter gross domestic product growth...
Oxford Economics also trimmed the odds for December rate lift-off to 50 percent from 55 percent this week.
“Our base case remains that domestic momentum and gradually firming inflation will lead the Fed to lift rates in December. However, there is a real risk that the headwinds of weak global growth, the strong dollar, and lower oil prices will delay lift-off until next year,” Gregory Daco, head of U.S. macroeconomics at Oxford Economics, said in a note.