Experts ratchet up their interest rate expectations - 2006-03-27
As Federal Reserve Chairman Ben Bernanke readies to lead his first interest rate meeting today, more private economists are boosting their outlook for rate increases this year. While investors are betting the Fed will elevate interest rates one more time after this week, more economists now expect the Fed will be hiking rates well into the summer. Such action is required to control inflation in an economy that is expanding faster than expected.
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