In an interview with CNBC-TV18, Manish Singh of Crossbridge Capital said that US Federal Reserve is likely to hike rate in September this year than in its July meeting.
Manish Singh of Crossbridge Capital expects a rate hike by the US fed in its September meeting, amid market speculation that the hike could come even earlier.
In global market, Singh is overweight on Japan and European Union in short term, but is underweight on emerging markets (EMs) and the US. As far as the Greek saga is concerned, Singh believes that new bailout scheme will not benefit the economy in medium term. He expects the situation to worsen in the region with time.
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First Published on Jul 29, 2015 01:43 pm