December now seems like the most likely timing for “liftoff” – Nomura

FXStreet (Mumbai) - The global markets research team at Nomura now sees the US Fed raising interest rates in December.

Key Quotes

“The change in our probabilities reflects more than just the retail sales report. Some other recent data – such as today’s NFIB survey and the recent increase in initial claims for unemployment – imply less momentum in the economy.”

“We think that by the end of the year the combination of above-trend growth and declining slack is likely to prompt the FOMC to increase interest rates sometime this year (70%).”