Three of the Federal Reserve's own primary dealers are warning bond traders that a growing consensus the central bank will raise interest rates by year-end is misguided.
While none of the 23 banks that trade with the Fed expect a hike at the conclusion of Wednesday's meeting, HSBC Holdings, Royal Bank of Canada, and Royal Bank of Scotland Group remain steadfast that policy makers will choose to hold off on raising rates at the Fed's Dec. 14 meeting as well.
History would seem to be on the trio's side. ...
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http://www.bloomberg.com/news/articles/2016-1...ed-s-own-pri...
