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US bond market not ready for up to 3 Fed rate hikes

Futures contracts show traders are banking on one move this year with odds of a second one at 51% during 2017

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Chicago Fed president Charles Evans (left) joins San Francisco counterpart John Williams in supporting up to three rate hikes by end 2017 if the US economy keeps growing.

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

sentifi.com

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