The most recent FOMC minutes painted an unexpectedly hawkish picture, implying that the next Fed rate hike could come as soon as June. Following the release, Richmond Fed Chair Jeffrey Lacker told Bloomberg that he sees a strong case for a June hike and plans on pushing for a total of four hikes by the end of the year.
This week, Philadelphia Fed President Patrick Harker also projected a June hike and said that he sees the possibility of one or two additional hikes by the end of the year.
Many investors credit historically-low interest rates as ...
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