Fed doubles down on interest rate rise
Mihir Kapadia, CEO and Founder, Sun Global Investments
The Fed comments along with the developments in the US political landscape helped the Dollar to attain solid gains in Asia after strengthening on Thursday as expectations for another US interest-rate increase this year climbed higher. Investors have been boosting bets on higher rates this week amid strong economic data and upbeat comments from Fed officials. The next key data point on this will be the September jobs report which could push the dollar and equities higher and bonds lower if it comes in stronger than expected. The expectation for the Non-farm payrolls for September is a relatively low 80k as Economists factor in the impact of the hurricanes on hiring patterns.