World Week Ahead: Fed hike ahead

Sun, 11 Jun 2017

By Margreet Dietz June 12 (BusinessDesk) - US Federal Reserve policy makers are widely expected to announce an interest rate increase at the end of their two-day meeting on Wednesday, while central banks in the UK, Japan and the Switzerland also gather in the coming days. Importantly, however, investors will eye any clues as to when the Federal Open Market Committee might opt for a third hike this year, as previously signalled. Fed chair Janet Yellen is set to hold a press conference after the meeting ends on Wednesday. “I’d be very s...

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