Quotes from Bank of Cyprus:
-It is, in our view, appropriate and possible for the Fed to remove the unconventional policy accommodation and to move toward a normalization of interest rate policy. The growth in the US is driving the market and the recent sharp drop inenergy prices has the potential to be a boom for US consumers.
-We think that the Fed's transition to a more normalized interest rate policy will lead to a bias for higher US rates and higher interest rate volatility. Overall US growth is expected to remain at adequate levels and earnings growth to continue making this a supportive environment for US equities going forward in 2015. Volatility will not be low throughout the year and tactical moves will be crucial.
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