Fed will deliver around 100bp in rate hikes the first year: Danske Bank

Quotes from Danske Bank:

-Once the Fed starts the hiking cycle, we think they will take a gradual approach. With core inflation running below the 2% target until late 2016, we think the Fed will deliver around 100bp in rate hikes the first year.

-We expect the Fed to increase the hiking pace in late 2016 where core inflation approaches 2% and the labour market has tightened significantly.