Markets see June liftoff on US rate hikes after Biden sticks with Powell to lead Fed

November 23, 2021 7:52 AM

WASHINGTON (BLOOMBERG, REUTERS) – Traders are pricing in a ramp-up in tapering bond purchases by the US Federal Reserve and the potential for a June liftoff on rate hikes after President Joe Biden selected Jerome Powell to serve another four years as the central bank’s chair.

Source : http://www.straitstimes.com/business/economy/markets-see-june-liftoff-on-us-rate-hikes-after-biden-sticks-with-powell-to-lead