Monday, 6 June 2016

US MARKET NEWS 7 June 2016

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.

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