December Fed Hike Likely But Never Say Never: Shaw

Bloomberg Video

Nov.24 -- The data-dependent Federal Reserve isn’t likely to contest the evidence: The economy looks strong enough to withstand another interest-rate increase. It will take a couple of months for U.S. central bankers to figure out the economic policies of President-elect Donald Trump. What they know now is that stock markets are hitting record highs, market-expectations of inflation are moving up and consumer sentiment has improved since the election -- all of it signaling the time is right to raise the benchmark lending rate. Investec Chief Economist Philip Shaw discusses with Yousef Gamal El-Din and Manus Cranny on "Bloomberg Daybreak: Europe."