Economists expect Fed rate hike this week

Economists in a Reuters poll overwhelmingly predict the Federal Reserve will raise interest rates this week. Firm inflation data and strong economic readings have shifted expectations toward a quarter percentage point increase.

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FILE PHOTO: A trader works, as a screen broadcasts a press conference by U.S. Federal Reserve Chair Kevin Warsh following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 29, 2026.  REUTERS/Brendan McDermid/File Photo

An 85% majority of economists in the United States expect the Federal Reserve to raise interest rates by 25 basis points to 3.75%-4.00% on Wednesday.

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