While the Federal Reserve is widely expected to keep the benchmark interest rate on hold at its policy meeting ending on Wednesday, it looks certain to raise borrowing costs next month, given signs of possible acceleration in the U.S. economy and possibly two more times over the remainder of the year. (cnbc.com)
«Now, even if inflation does accelerate over the remainder of the year, there's still reason for the bank to be cautious on future rate hikes.» (canadianbusiness.com)
Barring a major reversal of fortunes on Wall Street that would cut earnings sharply and hold down year - end bonuses, the financial services sector is expected to be a source of strength to the region's economy over the remainder of the year, consolidation and layoffs at some banks notwithstanding. (newyorkfed.org)