Moneycontrol
Last Updated : Mar 29, 2016 09:44 PM IST | Source: CNBC-TV18

Probability of Fed rate hike in April limited: Heritage Cap

From what the Fed has been saying all of last year, Paul Schatz, President of Heritage Capital gathers they are just preparing the market for a steady quarter point hike at every quarterly meet, whether or not it actually materialises.


Paul Schatz, President of Heritage Capital LLC said they are currently pricing in only 10 percent chance of a rate hike by the US Federal Reserve in April.


In an interview to CNBC-TV18, Schatz said if a rate hike is announced in April then there could be just one more follow-on hike in September.


From what the Fed has been saying all of last year, Schatz gathers they are just preparing the market for a steady quarter point hike at every quarterly meet whether or not it actually materialises.

He believes the markets are now at a good equilibrium and sees Dow Jones index trading in the range of 17200 – 17800 for a while. Emerging markets also have some more upside left, he said.

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First Published on Mar 29, 2016 09:35 pm
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