SUBSCRIBE TO FEEDInterest rate hike could be delayed
U.S. economic data continues to conflict, indicating that the U.S. economic recovery is going to continue to experience slow going. This morning, consumer price data showed a drop in April, as retailers respond to weak demand with a high employment rate and continued housing market woes.
As a result, it is likely that the Fed will delay raising interest rates, keeping from normalizing monetary policy. GFT’s Kathy Lien explains in FX360 what the Fed is likely to do:
The lack of inflation is not surprising considering that global demand remains weak.
