U.S. Central Bank Expected to Raise Rates Once in 2016 The U.S. Federal Reserve was at one time forecasting up to 4 rate hikes in 2016. Macroeconomic headwinds have pushed that number down and after the Brexit impact there were rumblings of a rate cut being more likely. A month after British voters decided to leave the E.U. Fed funds rates are again being priced in with at least 1 rate hike before the end of the year. The Fed is facing moderate growth in the U.S. and the timing of its next interest rate hike will be affected by the ongoing presidential electoral campaign. The Federal Open Market Committee (FOMC) ... (full story)