Cantor Fitzgerald CEO Shawn Matthews spoke with FOX Business Network’s (FBN) Maria Bartiromo about the global economy. Matthews said, The Unites States is still a global “safe haven” and “we’ll look to put money to work here.” When asked about the Centre for European Economic Research (ZEW) number out of Germany today, Matthews said, “I think there is some noise to that number” and that “the energy backdrop with the Ukraine is really the issue for Germany.”
Cantor Fitzgerald CEO on the ZEW number coming out of Germany today:
“I think there is some noise to that number in general. So I think you have to look at long term themes in a lot of ways. Certainly from the energy backdrop with the Ukraine is really the issue for Germany, but by and large it’s going to be where’s the growth in the world, where’s the safest investment and where’s the safe haven and still the U.S. has that as its category and I think we’ll look to put money to work here.”
Cantor Fitzgerald CEO on whether the Federal Reserve is looking to raise rates:
“Ultimately, but you are still looking at a long term process so I would think in the next 12-18 months that people are looking at rates going up. Which if markets are correct they look at things six months ahead – so all of the sudden people start to look at the markets and say if we are getting closer to that 12-18 month timeframe what’s going to go on in the U.S.”
Cantor Fitzgerald CEO on the United States economy:
“I think we are looking at a two – three percent growth, which a little bit of upside in the marketplace right now from the U.S. economy perspective, but it really depends about the geopolitical climate and what’s going on outside the U.S. right now.”
