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Chinese crash pushes Fed rate rises back to 2016 says Art Cashin

Posted by Richard640 @ 18:42 on July 28, 2015  

Posted on 28 July 2015

UBS veteran analyst Art Cashin discusses where the money that is leaving China’s market is going, if anywhere except for margin loan payments, and how this meltdown impacts the outlook for US interest rate rises. US stocks have just had their first five-day fall in six months.

He does not think the Fed will now raise rates until into next year…

Video Link

http://www.arabianmoney.net/us-stocks/2015/07/28/chinese-crash
-pushes-fed-rate-rises-back-to-2016-says-art-cashin/

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.