Aviva's Munro Sees Three Fed Hikes By End of Next Year
The dollar held near a two-week high after economic data and comments this week from Federal Reserve officials revived speculation of an interest-rate increase later this year. The greenback jumped the most since Sept. 16 against its major peers on Tuesday after Fed Bank of Richmond President Jeffrey Lacker urged the central bank to tighten policy to stem a likely quickening of inflation. A report Monday showed U.S. manufacturing expanded in September. Fed Bank of Chicago President Charles Evans said Wednesday he expects one rate increase by the end of the year. Jobs data due later this week is forecast to show a pickup in the pace of hiring. Aviva Investors Chief Executive Officer Euan Munro discusses the outlook for the Fed and gold with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."