Fed hike in March

Genevieve Signoret

Letter from the President

I’m in New York and Princeton this week so will be brief. Today’s U.S. jobs report does not change my judgement that the world and U.S. economies are not entering a recession but do shift my central-scenario outlook for the Fed: I now expect the first rate hike to take place in March 2016 with risks tilted toward their waiting till June 2016.

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