Kitty Richards Says FOMC Likely to Raise Rates
Bond traders are pricing in a high probability of an interest-rate hike by the Federal Reserve at its upcoming meeting, with more than a 90% chance that Fed Chairman Kevin Warsh and his colleagues will increase the benchmark policy rate. The current target range is between 3.5% and 3.75%, suggesting traders expect a quarter-point rise. Kitty Richards, Senior Fellow at Groundwork Collaborative, stated it would be
Topics: bond market Federal Reserve interest rates