Why Are Expectations of a Fed Hike Falling?
Federal Reserve officials signaled last week that they expect to raise interest rates twice this year, while investors see only one move. If economic theory is any guide, even the central bank’s more hawkish outlook would still leave the target for the benchmark policy rate way too low. London & Capital Group Investment Director Ashok Shah discusses with Bloomberg's Mark Barton on "The Pulse."
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Full Show: Bloomberg Daybreak: Americas (09/20)
36:54 - Bloomberg Daybreak: Americas hosted by David Westin, Jonathan Ferro, and Alix Steel. Guests include Stephen Ross, chairman at Related Companies, John Ryding, chief economist at RDQ Economics, and James Sweeney, chief economist at Credit Suisse AG. (Source: Bloomberg)