THURSDAY, March 28, 2024
nationthailand

‘US Fed likely to hike rate’

‘US Fed likely to hike rate’

Kasikorn Research Centre on Monday forecast that the US Federal Reserve will increase the policy rate by 0.25 per cent, from 1.50-1.75 per cent to 1.75 and 2 per cent, at the next meeting on June 12-13.

The move is likely to be a response to the strong economic recovery and US inflation nearly reaching its target.
The interest rate rise would stabilise the country’s economic growth, the research said.

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