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| Reuters Poll Shows Expectation of Fed Rate Hike in March |
According to a recent Reuters poll, the US Federal Reserve is expected to increase its policy rate by 25 basis points to the range of 4.75-5% following the March FOMC meeting. The poll of 82 economists showed that 76 of them predict the rate hike, while five expect the Fed to keep its key rate unchanged, and one sees a rate cut. Furthermore, the majority of participants also predict that the fed funds rate will reach 5-5.25% in the second quarter.
Despite this news, the US Dollar's performance against its major rivals seems to remain relatively unchanged, with the US Dollar Index currently down 0.22% on the day at 104.20. Investors will likely continue to monitor any developments from the Federal Reserve as they assess the impact of potential rate changes on the US economy.
