Reuters Poll: Fed to raise policy rate by 25 basis points in March
|76 of 82 economists polled by Reuters said that they expect the US Federal Reserve (Fed) to raise its policy rate by 25 basis points to the range of 4.75-5% following the March FOMC meeting. 5 economists expected the US central bank to hold its key rate unchanged while one saw a rate cut.
Moreover, the majority of participants noted that they see the fed funds rate reaching 5-5.25% in the second quarter.
Market reaction
This headline doesn't seem to be having a significant impact on the US Dollar's performance against its major rivals. As of writing, the US Dollar Index was down 0.22% on the day at 104.20.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.