Fed Expected to Raise Interest Rates Again in December
Economists in a Reuters poll predict the Federal Reserve will raise interest rates by 25 basis points in December. Persistent inflation risks and strong job growth drive the expected final hike of this cycle.
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The United States Federal Reserve will raise interest rates by 25 basis points in December to a 4.00%-4.25% range, according to a Reuters poll of 101 economists. The move marks the second and final hike in the current cycle amid persistent inflation risks. The central bank previously raised rates in September before pausing in October.
