Not exact matches
Along
with buying up bonds, the Fed kept its benchmark interest
rate anchored near zero until December 2015, when it began a
gradual process of
hikes.
April's jobs report makes a case that the Fed's initial policy
rate hike should begin September,
with a
gradual pace of movement from there.
«We expect the first
rate hike of the year at the March Fed meeting, a move fully priced in by the market,
with continued
gradual monetary policy normalization under the new leadership of Fed Chair Jerome Powell,» Duncan says.