Bank of Singapore believes that weak wage growth in the US means the Fed will be in less of a hurry to increase interest rates, and the bank forecasts two more rate hikes in 2017, along with the start of balance sheet reductions in December. “Solid job growth is no great surprise when policy settings are loose,” says Richard Jerram,…
Bank of Singapore: Soft wage growth gives Fed more time to hike rates
8 May 2017
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