Steen Jakobsen insists that the Fed will act this month, despite the IMF and the World Bank calling on the Fed not to act. Jakobsen believes it will be a one and done deal. ~ Ilene
Courtesy of ZeroHedge. View original post here.
Saxo Bank's Chief Economist, Steen Jakobsen, says that the recent sell-off in the market has scared investors away, warning that volatility remains high as people await the Federal Reserve's decision on what to do about a rate rise. His base case is that there will be a hike next week, adding that if it doesn't happen this month, it could become too late to act.
