HSBC Says Fed One And DoneMark Melin
As the U.S. Federal Reserve (Fed) sets to pull a trigger on raising interest rates, and is tepidly looking over its shoulder at a recent up-tick in market volatility like someone scared on a city street late at night might do, an HSBC piece states that now is the time to raise the first time, but don't expect a sudden follow up act. It is the second rate hike that will not happen anytime in the near future.
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