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US Federal Reserve to raise interests this week

December 4, 2017 4:33 PM
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US Federal Reserve to raise interests this week

Mubasher: The United States Federal Reserve will very likely raise interest rates later this month, according to the majority of economists polled by Reuters.

Experts also expect three more rate rises next year compared with two when surveyed just weeks ago.

This comes after the US Senate voted to pass tax cuts that are expected to add about $1.4 trillion to the national debt over the next decade, which led to the forecast risks shifting toward higher rates, and faster.

The Federal Reserve is targeting inflation rate at 2%, however the latest Reuters poll results suggest it is expected to average below that target until 2019.


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