Bank of America Corp (BAC): Approaching Rate Hike
Thursday, December 3, 2015Bidness ETCFEEDID-18, News, stream
For the first time in nearly a decade, the US economy could finally be shedding the weight of a near-zero interest rate policy. As we inch closer to the final Federal Reserve meeting for 2015, the notion of a rate hike appears to be materializing into reality. Yesterday, chairman of the Federal Reserve, Janet Yellen acknowledged a strengthening US economy; a fundamental prerequisite for the adoption of higher rates. Ms. Yellen’s speech at the Economic Club of Washington affirms the rising possibility of a December liftoff. According to Fed Fund’s futures, the current implied probability of a rate hike in December stands at 74%, presenting great potential for return to the US banking sector...