Wall Street hopes Fed will hint at dialing back rate hikes
- 8 years ago
When the Federal Reserve breaks from its two-day meeting today at 2 p.m. ET, one Wall Street pro is hoping the Fed’s policy statement walks back Jan. 6 comments from Fed vice chairman Stanley Fischer suggesting that four interest rate hikes this year from the U.S. central bank was still “in the ballpark.”
Four rate hikes may simply be too aggressive given the rough start to 2016.
Indeed, with the U.S. stock market off to one of its worst starts in history, oil prices wildly volatile, China fears still reverberating and growth worries on the rise, Wall Street is seriously second-guessing whether now really is the right time for the Fed to hike rates at the pace it has hinted at since mid-December when it raised short-term rates for the first time since 2006.
Four rate hikes may simply be too aggressive given the rough start to 2016.
Indeed, with the U.S. stock market off to one of its worst starts in history, oil prices wildly volatile, China fears still reverberating and growth worries on the rise, Wall Street is seriously second-guessing whether now really is the right time for the Fed to hike rates at the pace it has hinted at since mid-December when it raised short-term rates for the first time since 2006.