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As Europe starts the process of mending their financial issues in 2015, we can expect many different strategy’s being implemented. The loss of support from the Bank of England started latest series of financial moves. The European Central Bank then approved their version of the US financial easing program. Not to be left out, the Bank of Canada then cut is rate in response to the drop in oil and relative strength of the US dollar.
For the US, trying to adjust their Federal Monetary Policy might exaggerate the response from the other markets and not clear the issue but worsen it. The other factor is the US economy will slow and affect the world economy.
Thus, don’t expect to see any US Federal rate hikes in the near future or even in 2015.
Gary Kapanowski – Lean Six Sigma Master Black Belt – Excelsior
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