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Normalisation appears increasingly imminent - Fidelity

FXStreet (Delhi) – Stephanie Sutton, Investment Director, US Equities, at Fidelity Worldwide Investment, suggests that normalisation appears increasingly imminent, with a first rate rise now likely in December after the Fed’s decision to keep rates on hold.

Key Quotes

“After much speculation, the Fed has decided to hold back from raising rates at this point. It is probably warranted with the US economy expanding and unemployment levels now in close proximity to the theoretical ‘natural rate’.”

“A move towards interest rate normalisation would begin to exert greater pressure on companies to employ capital discipline and an increasingly discriminating investment approach.”

CAD: August CPI likely in line with consensus - TDS

Ned Rumpeltin, European Head of Currency Strategy at TD Securities, notes that the August CPI is the lone data release for Canada and we are in line with consensus looking for a flat month-over-month print on the headline measure, as falling gasoline prices will offset increasing price pressure elsewhere in the economy.
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Euro Stoxx 600 drops 1.5%

The European stock markets dropped on Friday after the Fed held rates unchanged while citing external risks to the US economy.
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