Many on Wall Street are watching the Fed’s rate hiking cycle and are getting nervous they will tip the economy into a recession. With scorching inflation, the FOMC may consider a full-point rate hike but will likely settle on delivering its third consecutive 75 basis-point increase. At Wednesday’s policy meeting, Fed Chair Jerome Powell will likely acknowledge downside risks to growth are here and unrelenting inflation is forcing them to maintain an aggressive pace of tightening.
16-09-2022 16:28 GMT
by Craig Erlam
