Tokyo
FEDERAL Reserve official Charles Evans has added his voice to forecasts for up to three interest-rate increases by the end of 2017. The bond market shows traders aren't ready for that many.
Chicago Fed president Mr Evans joined San Francisco counterpart John Williams, who last week said he supported one rate move this year and "a few" the next. Pacific Investment Management Co said this month US rates may rise two or three times over the period. Futures contracts show traders are banking on one...
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