With the Fed’s two-day meeting underway, Wall Street is on edge. More volatility is expected for the markets in the coming days. The culprits that are driving the markets have been identified as the dollar, oil and fed. Steven Wieting is the Global Chief Investment Strategist at Citi Private Bank and says ‘easing is still the dominant financial force worldwide.’ He expects the Fed to ‘tightening gently’ in the second half of 2015. As for the strengthening U.S. dollar, Wieting examined markets that have ‘the highest external debts and weakening oil exports.’ Plummeting oil prices obviously threatens the energy sector with producers and jobs. Wieting expects prices to rise gradually and says the rise will be ‘amid far more volatile conditions.’
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