The Federal Reserve is on track to raise U.S. interest rates soon, Dallas Fed Bank President Robert Kaplan suggested on Monday.
“I think you’ll see us in the near future remove some accommodation,” Kaplan said, adding that rate increases will need to be gradual because expectations for global growth are low. The Fed next meets in December.
Since Republican Donald Trump was elected U.S. president last week, the 10-year Treasury yield has risen, a situation that could give the Fed more room to maneuver, Kaplan said.
via Reuters 
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.