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BRIEF-Moody's says likely that Federal Reserve will raise benchmark interest rate by 25 basis points in December
December 12, 2016 / 3:39 PM / a year ago

BRIEF-Moody's says likely that Federal Reserve will raise benchmark interest rate by 25 basis points in December

Dec 12 (Reuters) -

* Moody’s says “likely that the Federal Reserve will raise its benchmark interest rate by 25 basis points in december 2016”

* Moody’s says “consistent with our view that the us economy will continue to grow at a healthy pace, we project two to three more rate increases in 2017”

* Moody’s says expects the U.S. economy to grow around 2.2% in 2017 and 2.1% in 2018, having grown at an estimated 1.6% in 2016

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