HSBC Says Fed One And Done

As the U.S. Federal Reserve (Fed) sets to pull a trigger on raising interest rates, and is tepidly looking over its shoulder at a recent up-tick in market volatility like someone scared on a city street late at night might do, an HSBC piece states that now is the time to raise the first time, but don't expect a sudden follow up act. It is the second rate hike that will not happen anytime in the near future.

Relationship between low unemployment and inflation just can’t find the old spark it once had

The report is written by HSBC’s Global Chief Economist Janet Henry, who recently replaced...