NEW YORK Feb 27 Prices of U.S. short-term
interest rate futures fell on Monday as traders raised their
expectations the Federal Reserve will increase rates either in
March or May after a central bank official said an interest rate
increase may happen soon.
The Fed might need to raise interest rates in the near
future to avoid falling behind the curve on inflation, Dallas
Fed President Robert Kaplan said.
"Sooner rather than later means in the near future," Kaplan
told reporters after speaking at an event with university
students in Norman, Oklahoma.
(Reporting by Richard Leong; Editing by Nick Zieminski)