Market volatility aside, the economy is getting stronger and that will give the Fed fodder to hike this year, two strategists said on Friday.
"I think the Fed would certainly have justification here to raise rates in September, given the economic data we've seen this week," Jim Dunigan, PNC Asset Management CIO, told CNBC's "Power Lunch."
Positive economic data this week include higher personal income and consumer spending and an upward revision in second-quarter GDP. "From an economics standpoint certainly the fundamentals are sound and continue to improve," he said. "Given all the market volatility they [Fed] might take a pass in September, but certainly by the end of the year."