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Rate Hike Likely In December - Economist

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Description

By Reuters

Description:
BOSTON, MASSACHUSETTS, UNITED STATES (AUGUST 26, 2016) (REUTERS) (SOUNDBITE) (English) MANAGING ECONOMIST FOR THOMSON REUTERS - IFR MARKETS, JEOFF HALL, SAYING: "She's obviously looking at labor market conditions. And I think, specifically, the impact that stronger, tighter job market might have on the prospect for rising wages. That's a missing ingredient from the dual mandate, where we expect wages to start to push inflation a little bit higher. So I think, she is excepting that economic conditions are supportive of a rate hike. What we missed today was commitment to any timing. So, we're not necessary increasing the odds for a September hike. We do think that she is OK with hiking rates sometime in 2016, but the market's perception of what's going on today is that they're more inclined to hike in December than September."
Dateline: 2016

Additional Information

Item ID:
110481110
Usage:
Editorial
Duration:
00:00:47
Looping:
No
Alpha Matte:
No
Advanced Licensing Options
Alpha Channel:
No
Model Released:
No
Property Released:
No
Location:
Jackson Hole, Wyoming; Boston, Massachusetts; And Washington, D.c., United States, Us
Average Bitrate:
11.2 Mbps
Bit Depth:
24
Audio Channels:
2
Audio Format:
mp4a
Audio Sample Rate:
48000