Hawkish-bias Fed could move rates quicker in 2018
Markets reckon the 1st of the three rate moves expected this year will come at the Fed's next meeting in March
Washington
THE Federal Reserve likely will leave the benchmark US interest rate untouched next week, but economists say the changing composition of the policy committee could point to faster rate hikes in 2018.
Markets are betting the first of the three interest rate moves expected this year will come at the Fed's next meeting in March. That will allow the Fed's interest-rate setting body, the Federal Open Market Committee (FOMC), to wait for firmer signs of inflation, which has long run below the Fed's two per cent target.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Australian PM accuses Chinese warplane of ‘unacceptable’ conduct
Alleged Chinese meddling spurs foreign agent registry in Canada
Hamas accepts Gaza truce proposal, Israel urges Rafah evacuation
US to snub Putin inauguration
New York judge threatens Trump with jail for gag order violations
Abu Dhabi’s IHC to buy back up to US$1.4 billion of its shares