Fed’s Evans Sees 3 Rate Hikes in 2017

It is reasonable to expect the Federal Reserve to raise interest rates three times this year in part because the early direction of U.S. fiscal policies appear to be positive for the economy, a Fed rate-setter said on Thursday.

The median Fed forecast “is not unreasonable, and that’s three” rate hikes, Chicago Fed President Charles Evans, a voter on policy this year, told reporters on Thursday. “There is uncertainty but it’s got a particular direction to it in terms of economic stimulus” and that direction is “up,” he said of fiscal policies.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza