Fabba Bank: The Fed is expected to increase interest rates three times from December

On 3 August, BNP Paribas projected that the rate of return on United States debt would continue to rise, as the market was digesting expectations of future Fed interest rates. The bank predicted that the Fed would increase interest rates three times from December, and believed that investors would continue to question the Fed ' s credibility after last week ' s decision to maintain interest rates unchanged (despite three votes against the increase). Kim Xian