Markets Brace for Fed’s First Rate Hike in Years as Inflation Stays Sticky
TL;DR
Investors broadly expect the Federal Reserve to raise rates by 25 basis points at its September meeting—the first hike in about three years—driven by inflation remaining above the 2% target and higher energy costs. While a hike is priced in, some policymakers warn against over-tightening and a pause remains possible if data soften; all eyes will be on the dot plot and fresh inflation readings to chart the policy path ahead.
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- Opinion | Raising interest rates will curb inflation and maintain Fed credibility The Washington Post
- Fed expected to hike interest rates for first time since 2023. See what it means for your money. CBS News
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