Brokerage house Nomura says Fed chairperson
Janet Yellen’s speech has reduced the likelihood that the FOMC will raise
interest rates over the summer.
It now expects the next rate hike to most
likely come through in September. “Following last week’s surprisingly downbeat
employment report, Yellen stressed uncertainty regarding the economic outlook.
We believe that the
FOMC needs to be confident that the economy is growing faster than its
potential before it takes the next step in raising short-term interest rates,”
says the Nomura report.For Free Trial & Join Services For All Segment Click Here
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