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After pausing in June, the US Federal Reserve is widely expected to hike interest rates again on Wednesday, adopting its most restrictive monetary stance for 22 years despite recent signs of slowing inflation.
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The US Federal Reserve is expected to implement another interest rate hike this week, despite recent indications of slowing inflation. Many experts anticipate a 25 basis points hike, raising the federal funds rate to its highest level since 2001.
Most economists think the Federal Reserve's final interest-rate hike will be next week. But they also don't expect Fed Chairman Jerome Powell to say that.
The resilient American consumer on display in both economic and corporate data has Wall Street boosting its projections for economic growth to the upside.