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What is going on with central banks?: Jakobsen

Steen Jakobsen
The Jackson Hole symposium showed no clear indication as to where the Federal Reserve is heading, according to Saxo Bank chief economist Steen Jakobsen. He says that it is important to see how the European Central Bank and Bank of Japan will play along with the Fed. 

Although there seems to be no clear indication of where the central banks are heading, Jakobsen believes that the US will hike rates before end of year. 

At the end of this week, the USDJPY will be higher and the US dollar will be stronger, predicts Jakobsen. 
BullionGuide BullionGuide
I for one, will not be putting any money on a Federal Reserve rate hike in September - And if they do raise rates in December it will be only to save face and to give the Fed a little wiggle room for them to drop rates back to zero when the market finally corrects more than 15%.
GregoryAlexandr GregoryAlexandr
We are under the belief, December is the target month. (Rate Hike)
chi2015 chi2015
eerily similar to their 2015 rhetoric


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