Fed: Tweaking but which way towards?

Jonathan Boyd
clock

With risks over the short-term outlook seen as balanced, the Fed could have raised rates this week, BNP Paribas economists have noted. But in choosing to wait a bit more while almost pre-committing to a hike, the Fed managed to make financial markets cheer a monetary tightening in the making.

Jonathan Boyd
Author spotlight

Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.

More on