Fed expectations: from two to four hikes in 2018 - UOB

Analysts at UOB Group explained that the Fed officials that spoke since Friday continue to reiterate their expectations of further normalization this year, differing only on the number of rate hikes. 

Key Quotes:

"San Francisco Fed President Williams said “Something like three rate hikes makes sense” this year while Philadelphia Fed President Harker expects only two."

"Cleveland Fed President Mester was hawkish as usual, urging for four hikes this year backed an economic expansion firmly in place and strong labor markets."