Fed Rate Hike Wednesday Likely, With More to Come: Reuters Poll — SkimNews
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- Reuters poll of economists found that a Fed rate hike on Wednesday is now likely, with at least one more increase expected to follow.
- The Federal Reserve is preparing to raise rates, according to CNN, which frames the move against the risk it may not work.
- CNBC reports the Fed is likely to raise interest rates as inflation persists, with coverage focused on what the move means for consumers.
Why it matters: A rate hike on Wednesday — followed by at least one more — means higher borrowing costs for consumers on mortgages, credit cards, and auto loans, tightening financial conditions just as persistent inflation keeps pressure on household budgets.
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