FXStreet (Delhi) – Stephanie Sutton, Investment Director, US Equities, at Fidelity Worldwide Investment, suggests that normalisation appears increasingly imminent, with a first rate rise now likely in December after the Fed’s decision to keep rates on hold.
Key Quotes
“After much speculation, the Fed has decided to hold back from raising rates at this point. It is probably warranted with the US economy expanding and unemployment levels now in close proximity to the theoretical ‘natural rate’.”
“A move towards interest rate normalisation would begin to exert greater pressure on companies to employ capital discipline and an increasingly discriminating investment approach.”
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