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Fed to raise rates as Trump economy looms

But there are no guarantees 2017 will see the beginning of a tightening cycle, analysts say, given the uncertainties in geopolitics
Monday, December 12, 2016 - 05:50

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A Wall Street Journal poll of economists puts the Federal funds rate at an average of 1.26 per cent by December 2017, implying four rate hikes. A Reuters poll projects three rate increases.

Washington

THERE is little room for doubt that the US Federal Reserve will raise the benchmark interest rate this week for only the second time in a decade.

With unemployment at a nine-year low, jobs being created at an average of 180,000 per month, the US economy growing at better

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