Formidable barriers mean Fed’s rate rise is no-go next week

Original article by Karen Maley
The Australian Financial Review – Page: 28 : 16-Sep-16

Financial market traders have priced in a 15 per cent chance that the Federal Reserve will increase US interest rates in September 2016. Rates have increased just twice in the past when the odds of a rise have been 20 per cent or less. Unlike at present, inflation was a key issue on both occasions. Meanwhile, opinion is divided among Federal Reserve policymakers regarding the timing of a rate rise, while the central bank is unlikely to increase the cash rate prior to the presidential election in November.

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, RESERVE BANK OF AUSTRALIA, BANK OF AMERICA CORPORATION, MERRILL LYNCH AND COMPANY INCORPORATED

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