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Fed Expects Four More Quarter-Point Rate Hikes in 2016

Fed vice chair Fischer says federal funds futures market is underestimating where U.S. interest rates will be by the end of this year.

By Christopher Condon, Bloomberg | Updated on January 06, 2016

Federal Reserve Vice Chairman Stanley Fischer said policy makers’ forecasts predicting four interest-rate increases in 2016 were “in the ballpark,” though China’s slowing economy and other sources of uncertainty make it difficult to predict the path of policy.

“The reason we meet eight times a year is because things happen, and as they happen you want to adjust your policy,” Fischer said in an interview Wednesday on CNBC.

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