The U.S. Federal Reserve is widely expected to raise interest rates at its upcoming December meeting next week.
The bank has been discussing the possibility of a rate hike for the
past year, leaving markets to guess when and how much the bank will
decide to increase. While predictions for when a rate hike will happen
have changed several times over the course of 2015, the majority
consensus is that an increase will happen in December.
Why December?
At the Fed's last meeting, the bank released a policy statement
naming its December meeting as a likely option for a rate hike. That was
the first time the Fed's policymakers were so open about their future
plans, leading traders to believe that barring any extenuating
circumstances, the Fed had already decided to raise rates in December.
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