Financial markets survey 28.09.2015

The leading stock platforms across the world operated the previous week in an uncertainty regarding the deadlines for the US Federal Reserve System (FRS) to raise the federal funds rate. There were growing rumors that the Federal Reserve was inclined to raise the rate before the beginning of the next year.

Speaking in the University of Massachusetts on Thursday, 24 September, FRS Chair Janet Yellen stated that the Federal Reserve was prepared to raise the cost of lending in 2015. Next day, the US Department of Commerce upgraded its estimate for growth of the US economy in the second quarter of 2015 from 3.7% to 3.9% in annual terms, which is a record-high indicator from July-September 2014. These data, as well as good indicators of the real estate market published earlier supported the opinion that the rate can be raised earlier – before 2016.

Financial markets survey 28.09.2015