Fed likely to hike rates to 22-year highMORE THAN 99% CERTAIN: Most FOMC members believe further rebalancing of supply and demand is needed to ensure US disinflation will continue, analysts said After pausing last month, the US Federal Reserve is widely expected to hike interest rates again on Wednesday, adopting its most restrictive monetary stance for 22 years despite recent signs of slowing inflation. After 10 consecutive hikes in just over a year, the Fed halted its aggressive campaign of monetary tightening last month to give policymakers more time to assess the health of the US economy, and the impact of recent banking stresses on lending conditions. In the weeks since, positive upgrades to economic growth and cooler inflation data have reinforced the likelihood that the Fed’s rate-setting Federal Open Market Committee

Source: Taipei Times July 25, 2023 20:30 UTC