Central Bankers Too Late On Rate Hike: Soc Gen's Albert Edwards

Central bankers are increasingly sensitive to “the slightest excuse for their continued inaction,” a strategy note from Societe Generale’s perm-bear Albert Edwardssaid today, as the outspoken bank analyst says that as the U.S. Fed has finally gained courage, it might be too late.

Soc Gen’s Edwards: Fed is already too late

As U.K. central bank governor Mark Carney “exceeded all dovish expectations recently in his latest rate flip-floppery,” it is the Fed finding courage to raise rates in December upon which U.S. markets are focused. But it is too late, Edwards writes in a Nov. 12 strategy note. “The global...