IMF chief economist sees further US rate hikes

The International Monetary Fund's chief economist, Raghuram Rajan, predicted on Friday 9 December that the Federal Reserve would probably continue to raise interest rates.

"At present, I would not say that they are in a position to stop increasing interest rates. But it may come, if the economic data becomes softer," Rajan said in a meeting with several reporters in Paris.

Most analysts have forecast that FOMC policymakers would raise key interest rates at their meeting next week, for the 13th

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