Hilsenrath: Fed on track to raise short-term rates later this year

FXStreet (Bali) - In his latest piece at the WSJ, Fed watcher Hilsenrath notes that the US Central Bank remains on track to raise short-term rates later this year, despite "long-term rates are going in the other direction amid new investor worries about weak global growth, falling oil prices and slowing consumer price inflation."

Hilsenrath expects officials to repeat that they can ‘be patient’ on rates, when they meet next in Jan 27-28 FOMC, which will likely translate on no moves until June at the earliest, he says. Hilsenrath adds that "recent developments in the economy and markets could cause Fed to delay, with one worrying development for Fed officials is a drop in yields on 10-year Treasury notes below 2%."