WSJ: Markets Start Pricing in a Series of Fed Rate HikesAccording to The Wall Street Journal, that...

WSJ: Markets Start Pricing in a Series of Fed Rate HikesAccording to The Wall Street Journal, that investors have all but concluded that the Federal Reserve will raise interest rates next week for the first time in three years, with attention now shifting to the policy path that follows. Since almost no one at the central bank believes a single 25-basis-point increase would do much on its own to curb inflation, a rate hike next week could indicate that officials view the current level of interest rates as too low and may take further action. Former Fed Vice Chair Richard Clarida said that if the Fed raises rates next week, additional hikes will certainly follow. Markets now expect at least three rate hikes in total by June next year, up from two previously.

Source: Wu Blockchain