SocGen revises its Fed call, says only 1 rate hike is coming in 2016

Joshua Roberts/Reuters Societe Generale has cut its expectations for the Federal Reserve. Societe Generale Global Head of Economics Michala Marcussen said in a note Friday that the Fed will only get in one additional rate hike in this year. "We now expect only one hike at the end of this year," wrote Marcussen. "The Fed may try to hike earlier if market volatility subsides, however as the taper and lift-off have taught us, repricing of market expectations is likely to be challenging and it wil...