Mixed signals keep on coming from the FED regarding a rate hike. More economists and market participants are now convinced of a December rate hike. Chances of a hike did go up thanks to the recent strong jobs report. However,…
The expected September rate hike did not happen as we predicted in August. This was due mostly to turmoil in the financial markets as a result of the Chinese slowdown. In addition, the inflation numbers were weak. Going forward, we…
For the FED to raise rates in September, growth in the US economy would need to clearly show up in the economic data. Inflation numbers were not really there given the strong US Dollar (imports are cheaper) and low oil…
An article yesterday, (FT: ‘Fed probes for leaks ahead of policy news,’ September 24, 2013) brought up a possible serious allegation that the FMOC decision on monetary policy last week might have been leaked by someone in the media. The…
The FED (US Federal Reserve) decision to keep monetary stimulus at the same level had been initially positive for the markets, especially emerging markets. However, subsequent news that the decision was close and expectations that the stimulus might be reduced…