US rate rise in December “pretty much a done deal”

Uday Cheruvu, Portfolio Manager at PM CAPITAL, thinks that it is almost a certainty that the Fed will raise rates this week, given Janet Yellen’s comments over recent weeks. However, he doesn’t think this should be viewed as a negative. “It tells us that the Fed is confident enough about the US economic recovery and the trajectory of the US economic growth to be able to do this”. He also points out that persistent low rates have caused borrowers to forget what it’s like to have real interest rates, which is not a good thing. Click here to see the full interview. (VIEW LINK)