A significant downturn in commodity prices this week may give the Federal Reserve cover to reconsider plans to aggressively hike interest rates, according to Andrew Hunter, senior U.S. economist at Capital Economics.
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A significant downturn in commodity prices could give the Federal Reserve cover to change its aggressive pace of planned interest rate hikes, according to a report from Capital Economics.
The central bank still looks posed to fire off another 75 basis point interest-rate hike later this month, with most Fed officials showing support for the move. The view was fortified by Friday’s strong jobs report, indicating a faster pace of job creation than forecasters had anticipated, but also potentially a bigger challenge for the…
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