Saxo Group Videos

Jakobsen: Why the Fed may still raise rates in June

Saxo's Steen Jakobsen is no fan of the Federal Reserve. But, despite disappointing economic data, he thinks the market may be slightly surprised by Wednesday's FOMC statement.

Jakobsen believes the Fed's focus is to target asset inflation. For that reason he thinks there's a more than 50% chance a rate hike will come in June. He says it will have nothing to do with economics.

03:12 minutes
Tags: asset, asset inflation, assets, banking, banking sector, economy, employment, equities, equities trading, equity, equity market, equity markets, equity portfolio, equity portfolios, equity strategy, equity trading, fed, fed chairwoman, fed meeting, fed policy, federal, federal government, federal policy meeting, federal reserve, federalreserve, fomc, fomc meeting, fomc minutes, fomcmeeting, fomcminutes, fomcstatement, janet yellen, janet yellen rates, margin call, profit, profit taking, rate, rate cuts, rate decision, rate hike, rate rise, rates, rates decision, rates decisions, saxo tv, tradingfloor.com, us, us dollar, us economy, us fed, us government, us jobs, us jobs data, usa, usd, wage growth, wages, yellen, yellen federal reserve, yellen interest rates, yellen rate increases, yellen rates

Switch to