The U.S. Federal Reserve is likely to wrap up its campaign to boost interest rates by midyear at the latest as economic risks shift from inflation to slower growth, a panel of bank economists said on Friday.
The American Bankers Association’s Economic Advisory Committee said it expects the Fed to raise overnight interest rates by a quarter percentage point to 4.75% at its upcoming meeting on March 27-28, but said a further increase at the next policy meeting in May was not a done deal, according to Reuters.
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