SINGAPORE (Mar 19): At the next Federal Open Market Committee (FOMC) meeting on March 20 and 21, the US Federal Reserve is expected to hike the federal funds rate by 25 basis points (bps) to between 1.5% and 1.75%. The CME FedWatch Tool calculates an 88.8% probability of a hike, based on Fed Fund futures contract prices. Yet equity, bond and currency markets do not seem particularly agitated.

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