Monetary Policy: - Forecasting Federal Reserve System (Fed) will raise interest rates in the second quarter / 2015.
- The recent economic data, including GDP growth of 5% in the third quarter / 2014 compared with a year earlier, and the number of jobs increased by 321,000 in November, was enough to cycle the Fed started raising interest rates.
The forecast rate: US dollar is expected to continue to rise against a basket of other key currencies by strong capital inflows into the United States and falling oil prices.
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