A US Federal Reserve interest rate raise from near-zero is “still out there looming in the near horizon. This is one of the two major sources of uncertainty, the other being Chinese growth, so until then, market volatility is likely to remain elevated,” says Steven Friedman, a director at Fischer Francis Trees & Watts who previously worked for the Federal Reserve Bank of New York and assessed market expectations for monetary policy.
“There are still some disinflationary pressures from China that are affecting the rest of the world,” he says, according to Dow Jones.
Fed officials need to show stronger confidence that inflation will gradually rise to 2%, he says.
He now expects the Fed to raise interest rates as late as in the first quarter of 2016.
“We're not convinced that the Fed will have that confidence in the inflation outlook,” he says.
“The risks are skewed to next year.”
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“There are still some disinflationary pressures from China that are affecting the rest of the world,” he says, according to Dow Jones.
Fed officials need to show stronger confidence that inflation will gradually rise to 2%, he says.
He now expects the Fed to raise interest rates as late as in the first quarter of 2016.
“We're not convinced that the Fed will have that confidence in the inflation outlook,” he says.
“The risks are skewed to next year.”
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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