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Expectations from the Federal Reserve to raise interest rates again this year

Expectations from the Federal Reserve to raise interest rates again this year

the rate forecast, based on individual projections from each member, envisions three more rate hikes in 2018 and three more in 2019.

The Fed foresees one additional rate hike this year but gave no hint of when that might occur.
By contrast, “doves” favor the direction taken under Chair Janet Yellen, favoring relatively low rates to maximize employment.
By then, the Fed’s forecast would put its key policy rate at 3 percent.
The Fed also issued updated economic forecasts that showed it foresees one additional rate increase this year to follow Wednesday’s increase and an earlier rate hike in March.

as declared in

Expectations from the Federal Reserve to raise interest rates again this year

 tech slumps again

“Hence, the tech sector is selling off on concerns that today’s Fed hike will slow GDP, retarding future tech profit growth.”
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 2, 2017.
The tech sector fell 0.5 percent, recovering from steeper losses in the session and coming on the heels of its biggest two-day swoon in nearly a year.
Biogen’s stock fell 3.1 percent.
But some investors worried about the Fed’s hawkish tone and that concerns about rate hikes were being reflected in the tech sector, which has led the S&P 500’s nearly 9-percent rally this year.
collected by :kiven Dixter

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