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Daniel Gurara

Turbulence ahead? Africa and decision time at the US Fed

Background

On March 18, 2015, the Fed indicated that it could consider raising rates during its June 2015 meeting. However, the market is skeptical, far from convinced of the possibility for faster policy normalization given the fundamentals. Investors are still betting on low interest rates for the longer term that is about 1.8% by 2017[1], while the Fed’s median projection is about 3%.

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