The Fed on Wednesday kept interest rates steady and slashed all projections of a rate hike this year. Still, S&P Global Ratings said the central bank is 'not yet done' with rate hikes, predicting another will come this year or early next year.
The U.S. Federal Reserve on Wednesday kept interest rates unchanged and slashed all projections of a rate hike this year.
Speaking to CNBC's"Capital Connection" on Thursday, Shaun Roache said better-than-expected economic growth and strong labor markets leave room for a hike. The ratings company expects growth to be"something north of 2 percent this year" and jobs to be created to the tune of about 130,000 per month — a number Roache said is above the"natural rate" of employment growth for the American economy.
The latest decision to keep interest rates steady is"good news" for economies in the Asia Pacific region, Roache said.
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