“Can the Fed re­ally leave rates at these lev­els in­def­i­nitely just be­cause they don’t want to dis­turb as­set mar­kets that are only where they are be­cause of Fed pol­icy? A neu­tral/dovish mes­sage may pro­vide a mod­icum of short-term com­fort to mar­kets and hold

Finweek English Edition - - THE WEEK -

– Kit Juckes, global head of FX Strat­egy at So­ciété Générale, com­ments to ft.com on the out­look for in­ter­est rates in the US, ahead of the Fed­eral Re­serve’s de­ci­sion on 27 April, af­ter fin­week went to print. The mar­ket is ex­pect­ing no rate change this month and is pric­ing in a 52% prob­a­bil­ity of a 25 ba­sis point rate rise by Novem­ber, ft.com re­ported.

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