Fitch: Fed to raise rates only once in 2016

The rating agency Fitch noted in their report “Global Macro Risk Deteriorate Post-Brexit” published today, that they expect only one Fed hike this year.

Extract from Fitch's media release note

"Fitch expects the Fed to raise rates only once in 2016 and twice in 2017 compared with our previous forecast in May for two rates hikes in 2016 and three in 2017. In the eurozone, the ECB is increasingly likely to extend its asset purchase programme beyond March 2017 but may need to revisit the programme's eligibility criteria in order to do so. Both the Bank of England and Bank of Japan will likely cut rates soon."