Rosengren says expects earlier Fed rate hike than does market

Rosengren says expects earlier Fed rate hike than does market

5 April 2016, 02:21
Francis Dogbe
0
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The Federal Reserve will likely raise interest rates this year before markets currently expect since risks to the U.S. economy from abroad are fading, a top Fed official said on Monday. In a confident-sounding speech for a typically dovish U.S. central banker, Boston Fed President Eric Rosengren said it was "surprising" that futures markets currently imply one or zero rate hikes this year, a prediction he said could prove "too pessimistic." The central bank raised rates for the first time in a decade in December but stood pat at a March policy meeting due to an overseas slowdown and early-year market volatility. ... READ MORE
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