Analyst: Fed Needs More Than One Rate Hike

PANews September 11 news, according to Jinshi, Seema Shah, Chief Global Strategist at U.S. asset management firm Principal Asset Management, believes that a Fed rate hike next week is a done deal. Shah stated: "The focus of market discussion has quickly shifted from whether the Fed will raise rates to a more important question: how many rate hikes will ultimately be needed in this cycle. We expect the Fed will not raise rates just once. This is no longer just a matter of fine-tuning the economy. With inflation exceeding the target level for five consecutive years, policymakers may conclude that more than one rate hike is needed to restore price stability."