Federal Reserve officials commenced 2016 with a new debate whether to implement further increases more cautiously than initially planned.
In December, the US central bank moved to increase rates for the first time since June 2006.
Traders in futures markets see the Fed raising rates in two more quarter-percentage-point increments by year-end, to just less than 1%. Fed officials have priced four hikes to just below 1.5%.
But policymakers have reiterated they see themselves sticking to the four-step plan.
The material has been provided by InstaForex Company – www.instaforex.com