How to Make Money Work in a Low Rate Environment
The dollar reached the highest level since March as minutes from the Federal Reserve’s September meeting showed several policy makers said a rate increase was needed “relatively soon.” The greenback rose against most major peers as the likelihood of a hike by year-end climbed to 68 percent, from 60 percent a month ago. Fed Bank of New York President William Dudley said Wednesday inflation expectations are well-anchored, signaling added assurance that price gains will accelerate. A measure of the dollar’s relative strength suggests the currency may have risen too far, too fast. Standard Life Investments Director of Multi-Asset Strategy Gerry Fowler discusses with Guy Johnson in London and Caroline Hyde in Berlin on "Bloomberg Markets: European Open."