- The Fed is widely expected to announce a 0.75 percentage point rate increase, its fourth hike in a row of that size, in its ongoing effort to fight high inflation. Market participants are also looking for a signal that the central bank is prepared to slow the pace of its rate-hiking plan come December.
- “They’re going to have to hike. Nobody likes it. Everybody wants them to stop, but it’s like a car crash in slow motion. They just can’t stop hiking.”
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