The Federal Reserve is set to announce another interest rate hike during its meeting next month, possibly triggering another round of market pullback.
With the central bank’s attempts to leave no loose ends in its fight against inflation, a pause or reversal in interest rate hikes remains unlikely. Despite recent economic data suggesting that inflation may have eased, Fed speakers indicated that a pause is not imminent. Atlanta Fed President Raphael Bostic said rates would likely have to go higher still.
