Neil MacKinnon – Chief macro strategist at VTB Capital – joined Zak Mir and Mike Ingram on Tip TV to discuss the possibility of the Federal Reserve committing to a 2015 interest rate hike.
Do we still need emergency policy?
With their call that a 2015 interest rate hike is still on the cards, MacKinnon questions whether the Fed are becoming increasingly boxed in, however he doesn’t believe that the emergency policy of a 0 interest rate is still necessary. Inflation is unlikely to return until interest rates are raised, but with China still facing a monumental credit to GDP ratio, collapsing Asian markets are still posing a threat.