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The Fed is ‘not yet done’ with rate hikes, according to S&P Global Ratings

  • The U.S. Federal Reserve on Wednesday kept interest rates unchanged and slashed all projections of a rate hike this year.
  • Still, according to the U.S.-based financial services giant S&P Global Ratings, the Fed is “not yet done” with rate hikes.
  • Its chief Asia-Pacific economist, Shaun Roache, says better-than-expected economic growth and strong labor markets leave room for a hike, which he predicts will come sometime this year or early next year.

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