Top Forecaster: Federal Reserve May Raise Interest Rates by 50 Basis Points in December

Jason Schenker, president of Prestige Economics, stated that the Federal Open Market Committee (FOMC) may consider a larger interest rate hike of 50 basis points in December. The forecaster, who accurately predicted the Fed’s most recent rate hike earlier, now believes the central bank may "pause to let policy effects settle" after its September rate increase before weighing a larger hike in December. Schenker projects that if the larger rate hike is implemented in December, the Fed may pause fu

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