Any increase in the key federal funds rate would come a bit earlier than had been expected at the start of the year. Many observers then thought the Fed may put off rate raises for a while until more is known about President Donald Trump’s economic agenda. But continued robust job generation and accelerating inflation have prompted US central bankers to signal a shift in their strategy. On Wednesday afternoon, the Fed is now almost universally expected to raise lending rates from their current range of 0.5 to 0.75 percent. Growth brings rate hikesThe US economy appears to be in good shape, buoyed by steady consumer spending and rising business investment.

Source: Daily News Egypt March 15, 2017 02:15 UTC