That means more rate hikes are likely to occur in the near future.
Not exact matches
A seemingly inevitable interest
rate hike in the second half of 2010
means even
more bumps in the road.
More from Balancing Priorities: What a
rate hike means for your credit card What to do with your bond portfolio as Fed
rates rise Credit scores are set to rise
With unemployment at such low levels, the real chances of recession are becoming less likely, which also
means that
rate hikes are becoming
more likely.
Yellen conceded that the Fed still likely will need to implement «gradual
rate hikes» over «the next few years,» but markets took her statement to
mean that the central bank position could be
more dovish than anticipated.
The
rate hike makes
more difficult for people to go short the lira, but this doesn't
mean necessarily people are coming in,» said Francesc Balcells, an emerging - market portfolio manager with Pacific Investment Management Co., which manages a total of $ 1.97 trillion.
Investors also raised their outlook for the pace of tightening by the Federal Reserve,
meaning that they now view four
rate hikes this year as
more likely.
That
means that if
more interest
rate hikes are expected, or there's uncertainty in Europe, or inflation may be looming, the markets know that already.
Federal Reserve raises
rates for third time this year — The U.S. central bank raised its benchmark
rate a quarter point —
meaning higher APRs on most credit cards — and projected
more hikes in 2018.
It also
means that you might be under
more stress — and thus
more prone to getting speeding tickets and getting into accidents — both of which can
hike up your
rates.
The spotlight is now on the US NFP report as a strong read could renew Fed
rate hike hopes while a downbeat figure could
mean more dollar weakness versus bitcoin.