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The Federal Reserve has one last 'low hurdle' to jump before a rate hike
U.S. Federal Reserve Chair Janet Yellen declared the central bank is ready to forge ahead with its third interest rate hike in about a decade, and markets now expect an interest rate hike this month. The last hurdle to cross will be next Friday's jobs report. John Briggs, head of strategy at NatWest Markets, said Yellen has changed the game for interest rates this year, and he now believes the Fed could raise rates four times, instead of the two he previously expected. "Now you have to have a reason not to go in June and September," he said, adding he expects one hike a quarter. He said the jobs report is what ... (full story)
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