Confused by Yellen’s direction? You’re not alone

Markets aren't buying the Fed's 'dots'. We still expect a September hike but weakening core inflation is confusing markets about the outlook.Download this report to find out what we know about the Fed's balance sheet plans so far. We also report that inflation's proving to be a headache for the ECB. And what next for Brexit? It's all here in our monthly report, answering the big questions in the economic and financial world.

Download pdf

Confused by Yellen’s direction? You’re not alone

Executive summary

Everything you need to know about the Fed’s balance sheet plans
Markets aren’t buying the Fed’s dots. But we still expect another hike this year
Inflation is still proving to be a headache for the ECB
What the UK election result means for Brexit
Hawkish Haldane raises possibility of a UK rate hike – but we aren’t so convinced

Authors

Chris Turner

Global Head of Markets and Regional Head of Research for UK & CEE

James Knightley

Chief International Economist, US

James Smith

Developed Markets Economist, UK

Content Disclaimer
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more