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Import prices and inflation set to rise: Moltke-Leth
China's PPI is up 6.9% and according to Christoffer Moltke-Leth, director of global sales trading at Saxo Capital Markets, this will lead to rising import prices and inflation.
Moltke-Leth believes that US Fed Chairman Janet Yellen will acknowledge at her semiannual testimony to congress that the inflation outlook is improving, and he thinks that Yellen will not promise a rate hike in March.
02:09 minutes
Tags: china, christoffer moltke-leth, fed, hike, interest rates, janet yellen, march, ppi, saxobank.com, saxotradergo, tradingfloor.com
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