Roubini Predicts One Fed Hike in 2016

Nouriel Roubini

PredictionFed will raise rates one time in 2016
SourceBloomberg
Date of PredictionMay 18, 2016
Date to CheckDecember 31, 2016
AccuracyPending

Noted bearish economist Nouriel Roubini predicts that the Fed will only raise rates one time in 2016. With five months left to go, the Fed hasn’t raised rates yet this year. Roubini’s prediction should be seen as grim. If the economy were in better shape, the Fed would be poised to raise rates several times this year.