Global Economics

Global Central Bank Watch

31 October, 2018

Equity sell-off unlikely to derail policy tightening

Despite the recent plunge in equity prices, it looks highly likely that the Fed will raise interest rates again in December and then press ahead with two more rate hikes in the first half of 2019. But a slowdown in the US economy should discourage Fed officials from additional hikes beyond the middle of next year, and eventually prompt them to cut rates in 2020. We expect the ECB to stay the course and bring its net asset purchases to an end in December, and to wait at least until Septembe

Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article.

Save to Library

New Book

Making a Success of Brexit
and Reforming the EU

by Roger Bootle

"Outstanding - engaging - absorbing"
Daily Telegraph

Buy now on Amazon
We use cookies to ensure you get the best experience on our website. Read our Cookie Policy for more information.