HALISTER1: Fed to Raise Rates Three Times Next Year, Credit Suisse Says

Fed to Raise Rates Three Times Next Year, Credit Suisse Says

(Bloomberg) -- Weakness in the U.S. economy in 1H that led to a decline in inflation rate and low wage growth will correct in 2H, says John Woods, chief investment officer for Asia Pacific at Credit Suisse.
  • “As such, we agree with the Yellen view that we will look through this weak patch in participation of a stronger surge in growth in the second half,” Woods said at a media briefing in Singapore Friday
  • Continues to expect one more Fed hike in December and three more hikes next year
  • Expects to see yields in Germany, U.S. and U.K. moving higher in the coming six months
  • Recommends short-duration investment-grade bonds
To contact the reporter on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net To contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net Patricia Lui

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Source: BFW (Bloomberg First Word)

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John Woods (Credit Suisse Group AG)

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