The Fed: One and done?

The Fed's plans to normalise interest rate settings appear to becoming unstuck . Derivative markets see rate cut more likely than hike in 2016 and are not pricing further rate hikes until January 2018. "Federal Reserve Governor Jerome Powell warned yesterday that global risks have shifted further to the downside since the U.K. voted to leave the European Union (VIEW LINK). The shift in Fed expectations can be clearly seen in the fact that money markets are now pricing in a greater chance of a cut, rather than a hike, for the rest of this year." Read the full article via Bloomberg: (VIEW LINK)


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