Two More Rate Hikes in 2017 About Right

Federal Reserve Vice Chairman Stanley Fischer said the Federal Open Market Committee’s median estimate for two more rate hikes this year “seems about right.”

“That’s my forecast as well,” Fischer said in an interview with CNBC on Tuesday.

U.S. central bankers are gradually removing monetary stimulus as inflation moves back to their 2 percent target. Fed officials forecast they would raise interest rates two more times this year after hiking earlier this month, according to their predictions released March 15.


Trigger Article 50 and Be Done With It

DAX Steady as German Import Prices Beats Estimate

Screen Grab

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.

Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

Latest posts by Craig Erlam (see all)