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PHONE: 513-412-3481
TOLL FREE: 800-427-7212
FAX: 513-412-3482
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PHONE: 401-421-3763
TOLL FREE: 877-395-1031
FAX: 401-453-5847
NEW YORK (Reuters) - One of the most influential Federal Reserve policymakers said on Tuesday he expects further interest-rate hikes continuing next year since the U.S. economy is “in really good shape,” reinforcing the Fed's upbeat tone in the face of growing doubts in financial markets.
The Fed is expected to raise its policy rate another notch this month and, according to policymakers' forecasts from September, aims to continue tightening monetary policy three more times next year. Futures markets, however, are betting a slowdown overseas and in sectors like U.S. housing will force the Fed to stop short. Read more.