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Wall Street sees two more Fed hikes in 2018, three in 2019: Reuters poll


(Reuters) - Wall Street's top banks expect the U.S. Federal Reserve to raise interest rates twice more this year and three times in 2019, in line with forecasts issued Wednesday by central bank policy makers who signalled a modest acceleration to their pace of rate hikes along with increased confidence in the economy.A Reuters poll on Wednesday found the median expectation among the so-called primary dealers, the 23 large banks authorized to transact directly with the Fed, was for the central bank's benchmark overnight lending rate to climb to a range of 2.25 percent to 2.50 percent by the ...

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First Published: Thu, June 14 2018. 03:13 IST