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Banks see more rate increases coming


12-09-2016 16:33 BJT

A number of investment banks have released their forecasts for U.S. Federal Reserve rate moves this month. Most of the banks thought that the Fed would quicken its pace of rate hikes.

JPMorgan Chase said that if there were no adverse events, it expects the Fed to lift rates this month.

The Bank of Tokyo-Mitsubishi UFJ forecasts that the Fed would hike rates in each quarter by 25 basis points until the second quarter of 2019. T

he Japanese bank also projected that 10-year bond yields would be more than 4 percent by the final quarter of 2019.

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