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December U.S. Rate Hike Seems Most Likely

Published 09/19/2016, 01:30 PM
Updated 05/14/2017, 06:45 AM

We were closely watching decisions and comments by many central bankers again last week: Federal Reserve Bank (Fed) of Atlanta Dennis Lockhart, Federal Reserve Bank of Minneapolis President Neel Kashkari and Fed Governor Lael Brainard spoke to the media, while Bank of England Governor Mark Carney released his rate decision. A December rate hike remains the most probable outcome, with economic data being closely watched leading into the final FOMC meeting this year. Hence, our eyes were on the release of U.S. retail sales and consumer price index (CPI) data, as results were somewhat mixed.

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