HALISTER1: Fed Doves to Have Hard Time Delaying 2016 Rate Hike: Renaissance

Fed Doves to Have Hard Time Delaying 2016 Rate Hike: Renaissance

(Bloomberg) -- “We see more upside risks in the near-term than downside ones,” Renaissance Macro Research economist Neil Dutta writes in note.
  • U.S. economy remains firm despite fallout from Brexit
  • If data evolves over next few mos as it has recently, probability of a Sept. fed funds increase will be considerably higher than 1-in-5 chance now seen in forward mkt
  • Barring another financial shock, “doves will have difficulty delaying a second rate hike beyond 2016”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Neil Dutta (Renaissance MacRo Research LLC)

Topics
BGOV Finance

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