Exclusive: Abby Cohen Is Bullish on US, India, China, Brazil, 2017
Bloomberg Quint’s Menaka Doshi speaks to Cohen about global economy, US equity markets and emerging market flows.
The minutes of the September meeting of the Federal Open Market Committee (FOMC) suggest that several of its members believe a rate hike is needed ‘relatively soon’.
Several members judged that it would be appropriate to increase the target range for the federal funds rate relatively soon if economic developments unfolded about as the committee expected.FOMC - Minutes of the September meeting
But that’s no confirmation yet that the Fed will hike the interest rate this year.
It was noted that a reasonable argument could be made either for an increase at this meeting or for waiting for some additional information on the labour market and inflation.FOMC - Minutes of the September meeting
But the labour market and inflation indicate that the US economy is ready for another rate hike, says Abby Cohen, senior investment strategist at Goldman Sachs and one of Wall Street’s most renowned market experts.
In an recent interview in New York Cohen spoke to Bloomberg Quint’s Menaka Doshi about global economy, US equity markets and emerging market flows.
Read the full interview here.
Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.