Fed Expecting to Hike Rates in 2023

Investors seem to be expecting the United States Federal Reserve to maintain the historically low interest rates for two and a half more years, Reuters reported.

It is now expected that an interest rate hike could take place by the second half (H2) of 2023, supported by increased government stimulus and a rise in the inflation rate.

The expectations are based on the Eurodollar futures contracts trading.