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Fed's Evans sees one or two more rate hikes this year

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FORT WAYNE, Ind. (Reuters) - Federal Reserve Bank of Chicago President Charles Evans said on Friday that two further interest-rate hikes this year by the U.S. central bank would not be surprising, given the strength of the economy.

“I still think that certainly three to four total increases for this year are reasonable and the data have been strong,” Evans told reporters after a speech here. “I will not be surprised if it’s four increases this year. I do still believe that a gradual increase in interest rates is appropriate.”

Reporting by Ann Saphir; Editing by Chizu Nomiyama

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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