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Blog With Tag us gdp

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A View from the Bridge - November 2015

Last month it was 65% of economists and this month its 81% of global fund managers that expect a December interest rate rise in the US, with the Fed having given out the strongest signs so far that it will pull the trigger. That said, the Fed funds futures market currently implies that there is a 74% chance of a rate rise, which is a more accurate reflection of probability. With US GDP being revised upwards from 1.5% to 2.1% for Q3, unemployment falling to a 5 year low with a further 270k jobs being created and wage growth rising to 2.5% year on year it would appear that the data supports the rate rise view.

PegasusCapital - Tue 1st Dec

£ LIBOR spreads to implied BOE rate close in on 2016 high

£ LIBOR spreads widening on Brexit/Global uncertainty

PegasusCapital - Thu 6th Dec