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WASHINGTON Wholesale Willie Green Jersey , March 23 (Xinhua) -- The U.S. Federal Reserve is expected to raise interest rate before the end of this year, but the path for the rate hike will not be smooth, as the economy will encounter shocks, Stanley Fischer, vice chairman of the Fed Wholesale Damian Jones Jersey , said at a forum in New York on Monday.

According to his speech released by the central bank on its website, the vice chairman believed the liftoff of the target federal funds range will likely be warranted before the end of the year, in view of the significant cumulative progress in the economic recovery.

In deciding when the liftoff has come, Fischer stressed the central bank will continue to monitor a wide range of information regarding labor market conditions, inflation Wholesale Kevon Looney Jersey , and financial and international developments.

But a smooth path for liftoff will almost certainly not be realized, because the U.S. economy will encounter shocks, such as the unexpected decline in the price of oil, or geopolitical developments that may have major budgetary and confidence implications, said the vice chairman.

He said that the Fed would be considering moving the interest rate "up and down" in the future Wholesale Nate Thurmond Jersey , depending on economic information.

Last week, the U.S. central bank dropped its pledge to be "patient" in beginning to raise interest rates, setting the stage for lifting benchmark borrowing costs later this year.

The Fed said it will "be appropriate" to raise interest rates when it has seen "further improvement" in the labor market and is "reasonably confident" that inflation will move back to its target of 2 percent over the medium term.

BEIJING, Jan. 4 (Xinhua) -- Chinese shares tumbled heavily in the morning session on Monday, the first trading day of 2016 Wholesale Mitch Richmond Jersey , with the benchmark Shanghai Composite Index nose-diving over 4 percent.

At 10:16 a.m. the benchmark Shanghai Composite Index slumped 4.03 percent and the smaller Shenzhen index plunged 5.22 percent. The ChiNext Index, China's NASDAQ-style board of growth enterprises, plummeted 5.5 percent.

The A-share market's tumble coincided with the launch of a "circuit breaker mechanism" designed to curb wild swings in the stock market.

The mechanism will follow changes in the Hushen 300 Index, which reflects the performance of China's Shanghai and Shenzhen stock exchanges. When the index rises or falls by 5 percent, the circuit breaker will be triggered with a 15-minute suspension in stock trading.

Market analysts attributed the slump in part to lower-than-expected manufacturing activity Wholesale Latrell Sprewell Jersey , which dented market sentiments.

The Caixin General China Manufacturing Purchasing Managers' Index (PMI), an indicator of manufacturing activity, edged down to 48.2 in December from 48.6 in November, according to the survey conducted by financial information service provider Markit and sponsored by Caixin Media Co. Ltd on Monday.
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