One of the most important interest-rate policy announcements in years will happen tonight at 8pm.
The US Federal Reserve will reveal whether it will raise interest rates for the first time in nearly a decade.
The expectation is that they will not.
The Money Show’s Bruce Whitfield interviewed Chris Hart, outgoing Chief Strategist at Investment Solutions.
Scroll down for quotes from the audio below.
The US is showing life, but a lot of the data is unconvincing. And there is no sign of inflation. It’s unlikely Yellen is going to hike rates now.— Rudi van der Merwe (Standard Bank)
The Fed is damned if they do and damned if they don’t. Systemic risks are rising. Debt levels are very high.— Chris Hart
There is a lot of uncertainty, which explains the market’s volatility. The market and the Fed are dancing on eggshells.— Chris Hart
Almost all currencies are falling. The US dollar is the last man standing.— Chris Hart
Interest rates should never be this low! The consumption led growth, built on debt, is unsustainable. We need higher rates.— Chris Hart
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