Fed to raise rates every quarter in 2018, says top forecaster

Investors seek to determine likely timing of further hikes as US shows signs of recovery

The Federal Reserve is about to go rapid-fire on interest rates, boosting them in the second half of this year, and following that with a rise in every single quarter of 2018, according to BNP Paribas SA, which expects the tightening to strengthen the dollar and push gold down toward $1,000 an ounce.

The US central bank is seen raising borrowing costs later this year given the fiscally expansive policies proposed by Donald Trump, and the new president's agenda may help to lift wages in 2018, hoisting labor costs, the bank said in a January 25 report. BNP was the top