By next week, Federal Reserve Chair Janet Yellen will decide not only whether to increase interest rates this month, but assure markets on the prospective path of rate hikes in the future.
The US central has held short-term borrowing costs close to zero for seven years. As of present, traders anticipate the Fed to raise rates two to three times in 2016.
Policymakers have utilized quarterly projections to signal a slightly faster pace of hikes, but new forecasts are awaited to closely mirror the market’s stance.
The material has been provided by InstaForex Company – www.instaforex.com