The Fed is now seen far more likely than not to raise its policy target range, with a better than one in three chance seen that it will lift the rate at least one more quarter-point notch by July
Traders expect the Federal Reserve to lift its policy rate at least three more times and keeping it high for longer after a government report Friday showed inflation faded less than thought late last year and indeed accelerated in January.
Based on those futures prices, the Fed is now seen far more likely than not to raise its policy target range, currently at 4.5 per cent-4.75 per cent, to a 5.25 per cent-5.5 per cent range by June, with a better than one in three chance seen that it will lift the rate at least one more quarter-point notch by July.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Province, Feds Agree, in Principle, on Health Care FundingThe federal and provincial governments have announced an agreement in principle for increased federal health c...
Read more »
'Almost all' Fed officials backed 25 basis point hike at last meeting, minutes showA solid majority of Federal Reserve officials agreed at their last policy meeting to slow the pace of interest rate increases. Read more.
Read more »
Gold price 'fragile' at current levels, eyes on Fed uncertainty - MKS PAMPKitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Read more »
'Almost all' Fed officials backed 25 basis point hike at last meeting, minutes showA solid majority of Federal Reserve officials agreed at their last policy meeting to slow the pace of interest rate increases. Read more.
Read more »
'Almost all' Fed officials backed 25 basis point hike at last meeting, minutes showA solid majority of Federal Reserve officials agreed at their last policy meeting to slow the pace of interest rate increases. Read more.
Read more »
'Almost all' Fed officials backed 25 basis point hike at last meeting, minutes showA solid majority of Federal Reserve officials agreed at their last policy meeting to slow the pace of interest rate increases. Read more.
Read more »