Fed Vice Chairman Stanley Fischer: the Fed is likely to raise its interest rate faster than expected by markets

Market news

7 January 2016

Fed Vice Chairman Stanley Fischer: the Fed is likely to raise its interest rate faster than expected by markets

Fed Vice Chairman Stanley Fischer said in an interview with CNBC on Wednesday that the Fed is likely to raise its interest rate faster than expected by markets. He said that market expectations of the two interest rate hikes in 2016 are "too low".

Fischer pointed out that the Fed does not know how many interest rate hikes there will be this year.

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