Fed likely to up rates in Dec: Fidelity

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".