Don’t count out a 2020 rate hike: Wells Fargo’s Schumacher

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If jobs market strength persists, Wells Fargo Securities Michael Schumacher isn’t ruling out a 2020 interest rate hike — especially if the Federal Reserve decides to add one more insurance cut early next year.

His call comes less than a week before the year’s final Fed meeting on rates.

“The Fed is not in a big hurry to say ′we’re not quite done easing yet, and by the way, our next move in six or 12 months is a hike or even another cut,′” the firm’s global head…



Source cnbc.com

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