Standard and Poor's downgrades its forecasts for the Fed’s interest rate hikes in 2016

Market news

4 February 2016

Standard and Poor's downgrades its forecasts for the Fed’s interest rate hikes in 2016

Rating agency Standard and Poor's (S&P) on Tuesday downgraded its forecasts for the Fed's interest rate hikes in 2016 due to low inflation and global market uncertainty. The agency said that the Fed will raise its interest rate twice this year, down from the previous forecast of four times.

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