Not so fast!

Last week, in the worst kept secret on Wall Street, the US Federal Reserve lifted its interest rate target off the zero floor for the first time in more than 6 years and set expectations for future rate hikes, including a full percentage point rise in 2016. Recently our global research process unearthed a few insights that suggests the Fed may end up being relatively more gentle when it comes to monetary policy activities over the next year or so. In large part the Fed’s decision was predicated on the world’s largest economy expanding – and continuing to do so – as well as inflation picking up towards the 2 per cent goal. See the excerpts from the official press release: (VIEW LINK)