Economics
Fed Outlier Standard Chartered Sees Yellen Cutting Again in 2016
- Bank sees Fed raising benchmark to 0.75% before cutting in 4Q
- Standard Chartered warns risk of U.S. recession in 2017
What Could Stop the Fed From Hiking Rates?
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Here’s an out-of-the-money call by economists at Standard Chartered Plc: Janet Yellen’s Federal Reserve is going to hit the reverse gear in the next year.
After raising its benchmark this month for the first time since 2006, the Fed will be cutting again before the end of 2016 as the U.S. economy runs out of steam, according to Marios Maratheftis, the London-based bank’s chief economist and his team.