Headline from Bloomberg
The People Bank of China surprised the market last week with a cut in rates. The concern is that the central bank will need to cut further to stimulate the 2nd largest economy in the world. Although this report is attributed to an advisor, it highlights the concerns.
The Fed will be deliberating this week and the expectations are for no change once again when they announce their decision at 2 PM on Wednesday. Although some Fed officials continue to harp on the idea that they still expect a liftoff in 2015 (including Chair Yellen), there are doubters who cite global uncertainty as one of the largest potential negatives for a change this month - or even this year.
