THE CAPITAL OBSERVER

May 2017 -   published on 26th May 2017

Contents

“After the Fed released minutes of its last meeting, Fed funds futures for June were largely unchanged, reflecting about a 78 percent chance for a June hike. However, odds for a second hike in September fell to 37 percent from 40 percent. The market has been doubting the Fed’s forecast for two rate hikes by year-end, and it continues to have doubts based on the action in futures. Investors have pointed to a weak stream of economic data and concerns about political uncertainty, including delays to pro-growth policies in Washington. I think June is still on the table unless the consumer or inflation blows up. They gave themselves an out. That’s just prudent,”

 

Aaron Kohli, BMO

August  2017  - Available !

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