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1.Market Observations, 8.Was Sticky

18 Mar 2016 (AFR) – US Fed buckles on rate hike forecasts, unable to resist global dovish push

(18 March 2016, AFR, p13, by Vesna Poljak)

‘The year of global policy divergence is looking shaky after the US Federal Reserve backed down on its targeted interest rate hikes, unable to resist the push for looser monetary conditions embraced by the eurozone, China and Japan. Faced with a rising currency, the Fed downgraded its interest rate guidance to just two rate rises in 2016, from the four it had tipped in December.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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