Analysts are expecting the Federal Reserve to raise its benchmark interest rate tomorrow. What happens next?
Another hot CPI report must mean the Fed is going to raise interest rates, right?
Fed watchers expect the FOMC to raise rates at its September meeting, after Fed Chair Warsh said inflation hasn’t meaningfully improved.
Until the start of the Iran war, most central banks were comfortable holding interest rates steady, or even cutting them. But things are different now.
The move lifted the Fed’s benchmark short-term rate from roughly 5.1% to 5.3% — its highest level in 22 years.
For the first time in 15 months, the Federal Reserve has kept its key interest rate unchanged.
Pending home sales have dipped, and economists expect the market to continue to droop.
Some economists and policy advisers fear that the Federal Reserve’s rapid hikes could tip the global economy into a painful recession.
The Fed now foresees four rate hikes this year, up from the three it had previously forecast.
But wages are starting to rise, Chair Janet Yellen says.
