Fed Set to Raise Interest Rates Amid Inflation Concerns
The Federal Reserve, led by Chairman Kevin Warsh, is expected to raise interest rates at its upcoming meeting, marking the first increase since 2023. This decision comes amidst persistent inflation, with the consumer price index (CPI) rising 3.4% annually in August and core CPI up 2.4%. Market expectations suggest a 92.5% chance of a 25-basis-point hike. President Trump has publicly advocated for lower interest rates, arguing that the U.S. should have the lowest rates in the world, but the Fed is expected to prioritize its mandate to control inflation.119 sourcesSee all sources