Monday, March 16, 2015

Delayed Again?: No Rate Hike This Year – Morgan Stanley’s Zentner

Don’t expect the Federal Reserve to raise interest rates until 2016, Morgan Stanley’s chief U.S. economist told CNBC on Friday.
“The Fed wants to be raise rates this year,” Ellen Zentner said in an interview with “Closing Bell.”
However, “there’s a difference between what the Fed wants to do and what we think they will be able to do.”
Zentner said key economic data will stand in the central bank’s way, specifically lack of pick up in nominal wage growth and consumer prices, or core PCE inflation.

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