Fed Rate Hike Could be Weeks Away, Says BNP Paribas
Odds the Federal Reserve will raise interest rates next month have climbed above 30 percent, almost at the level last seen before Britain announced it voted to leave the European Union, which led global central banks to take steps to contain the fallout. Two months on, Fed officials are signaling the U.S. economy may be strong enough to withstand monetary tightening as early as next month. Fed Chair Janet Yellen is set to speak at a symposium in Jackson Hole, Wyoming, on Friday. BNP Paribas Global Head of Equity Derivative Strategy Edmund Shing discusses with Bloomberg's Anna Edwards on "Countdown."
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