By Jim McCaughan, CEO, Principal Global Investors
The path of rate rises from the Federal Reserve in 2016 continues to be a source of much conversation. The Federal Open Market Committee raised the target for the fed funds rate by 0.25% in December, with the expectation that up to four more rates could happen in 2016.
With the current volatility in global markets, is that still the consensus? Madelyn Antoncic, executive director – institutional investment solutions, and I provide our insights on the federal funds rate in 2016.