Blackstone Vice Chairmans 2016 Predictions Are Already Coming True

Blackstone Vice Chairman Byron Wien’s 10 Surprises for 2016 included oil prices down around $30/barrel and only one Fed rate hike—both seem likely.

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If the oil price trickles down to the U.S. consumer, expect to see consumer confidence continue to tick up.  I agree with the one or maybe two rate hikes. But I don’t expect to see much more than 4.5% for 2016 with interest rates.