RBC Capital Markets head of Asia FX Strategy Sue Trinh, comments coming via Bloomberg

The Federal Reserve may find it difficult to raise rates this year

  • Even, says RBC, if data is supportive
  • Because of financial stability concerns
  • Cites the U.S. election, Italian referendum, French election, bank stress concerns, and Brexit aftermath
  • Means the Fed probably won't hike until the middle of 2017

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If she is correct maybe I should be saying to my kids "Only 10 weeks 'til Christmas!" instead of my current greeting of "Only 8 weeks 'til the Fed rate hike!"