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Fed rate expectations on the rise before tax cuts passed Senate

Reuters  |  BENGALURU 

By Shrutee SarkarBENGALURU (Reuters) - The U.S. Federal Reserve is almost certain to raise interest rates later this month, according to a Reuters poll of economists, a majority of whom now expect three more rate rises next year compared with two when surveyed just weeks ago.The results, from a survey taken just before the U.S. Senate voted to pass tax cuts that are expected to add about $1.4 trillion to the national debt over the next decade, show economists were already becoming more convinced that rates will need to go even higher.While about 80 percent of economists surveyed in October ...

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First Published: Mon, December 04 2017. 20:10 IST