Salient to Investors:
The Fed’s forecast for slow rate increases probably means 0.25% in 2015, 1% in 2016, and 1.25% in 2017.
Karissa McDonough at People’s United Wealth Mgmt said economic uncertainty and the slowdown in China drove the Fed’s decision to keep rates at zero, because the US has been linked globally to a much greater extent than ever, even before the financial crisis.
James Sproule at the Institute of Directors said the Fed’s decision lacks the bold and necessary steps that must be taken to normalize monetary policy.
John Longworth at the British Chambers of Commerce said the Fed decision was correct given the global uncertainty.
Read the full article at http://www.bbc.com/news/business-34286230
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