EFTA Document EFTA01459041

The reasons that kept the Fed put in September and October have now largely dissipated Lower US growth Tighter financial conditions Lower global growth Dollar strength Lower commodity prices Remaining slack in labour market _ a 4 -- Lower US inflation Deutsche Bank Ahead of September / October FOMCs • Hike not priced by market - risk of financial tightening (stronger dollar, higher rates) • High financial markets volatility • Fears of sharp slowdown in China • Concerns over U