FED Still Going With Killer Rate Hikes

  • Markets still expect the Fed to keep up its inflation-fighting efforts, despite high-profile bank failures that have rattled the financial system.
  • Traders on Monday assigned an 85% probability of a 0.25 percentage point interest rate increase when the Federal Open Market Committee meets March 21-22.
  • Goldman Sachs was virtually alone when it said it expects the central bank to pass up the chance to hike rates next week.
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