Market Views: How much will the Fed hike rates this year?
After the Fed's first rate hike of 2018, we asked economists and investment strategists how aggressive the pace of rate hikes can get and the implications for Asian assets.
New Federal Reserve chairman Jerome Powell presided over his first Federal Open Market Committee (FOMC) meeting on March 20 and 21, confirming another 25 basis point increase in the Federal funds rate—the sixth since December 2015.
The widely expected hike lifted the benchmark interest rate range from 1.25%-1.50% to 1.50%-1.75%, driven by expected improvements in labour market conditions and economic growth.
With growing confidence in the US economy from the Fed, expectations of…
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