Economists Expect Fed Rate Hike This Week
Economists overwhelmingly expect the Federal Reserve to raise interest rates by a quarter percentage point this week. Firm inflation data and surging energy prices have shifted expectations toward further policy tightening.
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An 85% majority of economists expect the United States central bank to raise interest rates by a quarter percentage point to 3.75%-4.00% on Wednesday. The shift reverses a fragile no-change consensus that prevailed before official data showed firm inflation. Futures are pricing a 90% chance of a rate increase.
