Wall Street cheered the Fed's gradual plan to trim its balance sheet. In an interview to CNBC-TV18, Geoff Lewis, Global Strategist-Capital Markets Group, Manulife Asset Management shared his readings and outlook on Fed's plan.
He said that the balance sheet unwinding by US Fed is not something to worry about.
He further added that this is the gentlest kind of balance sheet unwinding by the US Fed.
On rate hike front, he expects two more hikes by US Fed in September and by the end of 2017.
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