Fed’s Lockhart: One policy move could take place in 2016, and possibly two - ANZ

Research Team at ANZ, points out that Fed’s Lockhart latest comments regarding the US policy moves.

Key Quotes

“The Fed’s Lockhart noted that “I’m comfortable with a cautious and patient approach to policy in the near term,” though “I still can imagine circumstances in which at least one policy move could take place [in 2016], and possibly two”.

He also noted that Brexit is “a storm that has clouded the economic waters”. While offering a bit for all, the real message is we’re doing nothing for a while. Cheap money on offer equals more ‘Fun’ for equities, although speculation the IMF might be downgrading global growth estimates (again) is a reminder that the fundamentals tell a different story.”