Hamstrung with slow growth, a failure of inflation to touch 2% as fast as current projections, a CreditSights analyst predicts fewer than expected rates hikes by the Federal Reserve in 2016. Yogesh Chandarana of CreditSights notes in his Jan. 15 report titled: “2016 Outlook: Rates Up From Here But Not By Much” that historically the Fed has sought to maintain an independent, nonpartisan stance in a presidential election year, and hence, there is no “prohibition” on interest rate increases in election years. FOMC projecting four rate hikes in 2016 Chandarana points out that each year, the Fed has been painting an optimistic…
Do Not Expect Too Many Rate Hikes: CreditSights 2016 Outlook
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports