Article source
Reuters
Article date
Sun, Dec 11, 2016
The Federal Reserve inaugurates the Trump era this week with a near-certain interest rate increase and new economic forecasts providing a first glimpse into whether the U.S. election has reshaped the central bank's growth and inflation outlook.
Fed fund futures show a 97 percent probability that the Fed will lift rates by a quarter of a percentage point at the end of its two-day policy meeting on Wednesday, according to the CME Group.
All 120 economists in a Reuters poll expect a rate hike in the wake of a string of solid U.S. economic reports.