Thursday, November 13, 2014

Roubini: The Fed will hike Interest Rates in mid-2015

"That implies the Fed will start raising slightly later and slower than otherwise expected. It could be sometime in the middle of next year. It could be June, it could be July," Roubini said. "It depends what happens to the dollar and the rest of the world.""Even if growth, inflation and employment data are at the right level to start hiking, the Fed would like to wait a little bit longer just to make sure that if they start hiking, they're not going to have to abort and go back to zero, because otherwise they lose their credibility. There'll be a hard landing of the economy. So better be safe rather than sorry."

 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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