FOMC keeps door open for rate hikes later in 2015: Barclays

US equities rallied and the dollar weakened as the FOMC stayed on hold and adjusted downward its forecast of future policy rates, said Michael Gavin of Barclays.

June 18, 2015 / 09:51 IST

Michael Gavin, Barclays said European equities weakened due to the Greek crisis. Euro area finance ministers are scheduled to meet today, but with no new proposals from Greece, progress toward an agreement is unlikely, he added.

He further said US equities rallied and the dollar weakened as the FOMC stayed on hold and adjusted downward its forecast of future policy rates. However, the FOMC left the door open for rate hikes later in the year, Gavin believes.

first published: Jun 18, 2015 09:51 am

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