World Economy

Fed May Not Raise Rates

Fed May Not Raise RatesFed May Not Raise Rates

Weaker-than-expected market conditions will keep the Federal Reserve from raising rates as much as predicted in 2016 as company earnings and the global economy will remain strained, Wall Street strategists told Barron’s, Yahoo reported. Tumbling commodity prices and economic sluggishness will continue to limit profit growth, according to many of the nine strategists participating in Barron’s 2016 Roundtable panel discussion in the magazine’s January 18 issue. Respondents see flat to modest gains for US equities ahead as slow US expansion won’t be enough to shake the headwinds from global economic turmoil and the fall in energy prices.