FED RATE HIKE UPDATE : A 50BPS MARCH FED RATE HIKE IS WARRANTED – BLOOMBERG ECONOMICS

FED RATE HIKE UPDATE : A 50BPS MARCH FED RATE HIKE IS WARRANTED – BLOOMBERG ECONOMICS

A 50-basis point (bps) interest rate hike is warranted at the Fed's March meeting, Anna Wong, Chief US Economist for Bloomberg Economics said on Wednesday.

"Our in-house model of a Fed reaction function -- the Bloomberg Economics rule ("BE rule") -- suggests that a 50 basis-point rate hike at the March meeting is warranted, followed by another five 25 basis-point rate hikes the rest of the year," she explained.
 
GOOD FOR DOLLAR

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