US Fed widely seen increasing rates

Published March 21, 2018, 12:00 AM

by manilabulletin_admin

By (AFP)

Washington – The Federal Reserve (Fed) is widely expected to announce Wednesday the first of at least three interest rate hikes this year as the central bank works to head off inflation.

Though US central bankers admitted to being befuddled by the absence of inflation last year despite the economic recovery and strong job market, they now see signs of rising price pressures.

So far, the Fed has been moving gradually to tighten monetary policy to prevent the world’s largest economy from overheating.

But a host of factors – including the massive tax cuts enacted by Congress, a weaker dollar and robust job creation – have markets on the lookout for signs the Fed could become more aggressive, and boost rates four times this year instead of three.

 
CLICK HERE TO SIGN-UP
 

YOU MAY ALSO LIKE

["news"]
[2369353,2814292,2534630,2485825,2408462,2358243,2358052,2344118,2339143,2047660,1998697,996820,995332,995948,995006,994327,994303,993947,993860,993770,993529,993383,993285,798318,2818509,2818499,2818491,2818512,2818486,2818496]