Thursday, March 30, 2017
Roubini : FED May hike Rates Faster than Expected
When you are among the few that famously predicted the 2008 financial crisis, like Nouriel Roubini did, people value your opinion, especially when it comes to financial markets and central banks. As the Federal Reserve begins a two-day meeting Tuesday, with a decision on rates expected on Wednesday, Roubini’s take on rates is less about when and more about the pace.
“Markets are underpricing the probability that the Fed may hike faster than expected,” he said during a speech at the CME’s Precious Metals Dinner in New York last week. As Chairman and CEO of Roubini Macro Associates, and Professor of Economics at New York University, he predicts the Fed will forgo a September hike in favor of December.
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics