While you were sleeping: Rosengren sees four hikes

Wed, 29 Mar 2017

By Margreet Dietz March 30 (BusinessDesk) - Wall Street was mixed, following Tuesday’s rally, while the British pound weakened as the UK formally began its exit from the European Union. Meanwhile, US Federal Reserve Bank of Boston President Eric Rosengren said the "base-case" is for four interest rate increases this year. The central bank hiked its target rate by a quarter percentage point at its most recent meeting earlier this month, and flagged a total of three increases in 2017. "My own view is that an increase at every other [Fe...

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