January 10, 2018 / 5:11 PM / 10 months ago

Credit Suisse now sees three U.S. rate hikes in 2018

FILE PHOTO: A logo of Credit Suisse is pictured on a building in Geneva, Switzerland, November 8, 2017. REUTERS/Denis Balibouse

NEW YORK (Reuters) - Credit Suisse’s U.S. economists said on Wednesday they now expect the Federal Reserve to raise key U.S. short-term borrowing costs three times in 2018, one more than their earlier view for two rate hikes.

“Strong global growth and a tight U.S. labor market should keep the Fed on track to raise rates,” the bank’s economists wrote in a research note. “Meanwhile, a lack of a buildup in inflation pressures and the likelihood of tightening financial conditions this year suggest no urgency to hiking.”

Reporting by Richard Leong

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