EFTA Document EFTA01458564

2 October 2015 Global Economic Perspectives: A hard landing in China? Central Bank Watch G3 11S The Fed has made it clear that following its decision to delay in September, it still expects to lift off this year. We expect this to occur in December assuming the labor market continues to improve and financial market turbulence eases somewhat. We see rates rising slowly further next year, with reinvestment taper occurring by midyear. J-Ipan Rising wages and a tightening labor market app