SUBSCRIBERS
Fed likely to up rates in Dec: Fidelity
Published Wed, May 27, 2015 · 09:50 PM
Singapore
THE US Federal Reserve is likely to raise rates in December amid the mixed data on economic growth and wage inflation, a senior analyst at Fidelity Worldwide Investment said at a briefing on Wednesday.
"We think they can afford to wait," said David Buckle, head of quantitative research at Fidelity, noting that the central bank would not want to risk having higher rates "choke off the recovery".
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DBS customers unable to log into digibank, PayLah! on Thursday
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Amazon bets big with CrowdStrike on cybersecurity products
Goldman Sachs scraps EU-era bonus cap for top bankers in UK: source
Thomson Reuters lifts 2024 forecast on first quarter revenue result
US: Wall St opens higher after Fed leaves interest rates alone