ING: Fed to Hold Rates Steady, Surprise Risk Keeps Global Rates Elevated
ING analyst Michiel Tukker expects the Federal Reserve to keep rates unchanged, despite markets pricing a 30% chance of a hike, keeping global rates elevated.
EURUSD
According to ING’s Michiel Tukker, the Federal Reserve is expected to leave interest rates unchanged, even as market pricing assigns a 30% probability to a rate increase.
“Any decision will move United States rates and influence global markets,” Tukker noted, underscoring the central bank’s sway over international borrowing costs.
The lingering possibility of a hike acts as a “surprise risk” that keeps worldwide rates elevated, he added.
Source: FXStreet Forex News