Moody's - Next Fed rate hike will have "little" effect on US borrowing costs - RTRS

Reported by Reuters

• Expect that the Fed will raise rates another two or three times this year in increments of 25 bps, after raising rates at the March meeting
• Rate hike would reflect a US economy nearing full employment
• Next Fed rate hike will have "little" effect on US borrowing costs
• Net interest expense will rise over next few years as US treasury issues debt at higher interest rates to fund new deficits and refinance maturing debt