The Federal Reserve is most likely going for its fourth straight supersized hike, raising interest rates by three-quarters of a percentage point. U.S. central bankers have also been debating over when to downshift to smaller interest rate hikes and save the economy from a tailspin.
“There is little reason for the committee to limit its optionality for December, as even the most dovish participants would likely prefer more information about how inflation and overtightening risks are evolving before signaling a policy turn,” Barclays economists also wrote.
