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Jefferies expects Fed to raise rates this week, with Walsh comments key

  • Jefferies economist Mohit Kumar expects the Federal Reserve to raise rates this week.
  • Mohit Kumar identified Federal Reserve Chair Kevin Walsh’s policy comments as decisive.
  • The comments will address the future direction of Federal Reserve policy.

The Federal Reserve (the U.S. central bank) may raise interest rates at its policy meeting this week, according to Jefferies global economist Mohit Kumar. Kumar expects a rate increase, but says comments from Federal Reserve Chair Kevin Walsh about the future direction of monetary policy will be crucial.

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