Global View November 2015: How Will The 'New' Fed Tighten?

by Michael J. Howell30. November 2015 15:54

It is virtually certain that US interest rates will rise by 25bp in December 2015, but the World has changed hugely since the US Federal Reserve last hiked. The wholesale markets and the market in off-shore US dollar borrowings are much more important than they were in 2008. We ask in this report what the Fed will likely do to in order to enforce higher rates and what are the risks?

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