Nordea Bank Abp: The Federal Reserve may raise interest rates slightly at the upcoming meeting

Jussi Hiljanen, Chief Rate Strategist at Sweden's Nordea Bank, stated that the U.S. economic growth is better than expected, supporting the Federal Reserve's further tightening of policies.

It is expected that the Federal Reserve will raise interest rates by 25 basis points in December and by the same amount in March. The yield on the 10-year U.S. Treasury bond is expected to hover around 5% in the coming weeks.