FOMC & Strategy – the implicationsReport Date: 18th September, 2015
The Fed’s hold is simply a postponement of the inevitable first hike, which is most probably in December. EM risks are a complication (both in terms of growth and disinflation) but domestic US activity remains robust. While headline inflation might face short-term pressure from lower oil prices, there is gradual upward momentum in the core measure.
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