Why a December Fed Rate Hike Looks Increasingly Likely
Dollar bulls banking on the Federal Reserve to signal at least one interest-rate increase by year-end got their wish -- and were still disappointed. The currency slid against almost all of its major peers Wednesday after the U.S. central bank left its policy rate unchanged and projected a boost by year-end. That’s because it also scaled back the outlook for increases in 2017 and beyond. For dollar bulls, it was yet another in a series of disappointments this year as the Fed again stood pat, undermining bets the greenback would strengthen while central banks in Japan and Europe further debased their currencies with stimulative policies. State Street EMEA Head of Investments Bill Street discusses with Bloomberg's Anna Edwards on "Countdown."