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HSBC expects US Federal Reserve to hike rates in March

HSBC expects US Federal Reserve to hike rates in March

Tuesday, March 7, 2017, 4:44 PM

HSBC has brought forward its expectation of a rate hike by the US Federal Reserve to March from June earlier. In the futures market, the probability of a rate hike in March has gone up to nearly 90% from around 20% at the beginning of February. HSBC continues to expect a total of two hikes in 2017, the other hike being expected in September.
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