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FT: Fed interest rate rise falls rapidly down the probability scale

According to Stephen Jen, head of currency hedge fund SLJ Macro, the Fed’s approach to raising rates is “the same strategy as Brussels towards Athens”.

“The most probable scenario is of us lingering in an uncertain state,” says Mr Jen. “The Fed wants to hike, but it doesn’t. It’s like me and my morning jog. I know what’s good for me, but I can’t bring myself to do it.”

Read the original article on the ‘FT’ website.

Posted on the 26/08/2015 at 3:18pm by joana.