A growing number of major brokerages expect the Federal Reserve to raise interest rates this week after stronger-than-expected inflation data cast doubt on whether price pressures can ease without further monetary tightening, Reuters reported.
Goldman Sachs, J.P. Morgan, HSBC and Deutsche Bank are forecasting a 25-basis-point rate increase at the Fed's September 15-16 meeting. Several of the brokerages also expect interest rates to remain elevated for longer as policymakers seek to bring inflation back to the central bank's 2% target, Reuters said.
