Credit Suisse now sees 3 US rate hikes in 2018

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

"Strong global growth and a tight US 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."