Fed is likely to raise interest rates
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An 85% majority in a Reuters poll now forecast a quarter-point increase at the Sept. 15-16 meeting, reversing a two-thirds majority for a hold last week
6hon MSN
Counting the votes: Warsh faces a tough battle as the Fed girds for expected interest rate hike
Traders were pricing in a better than 92% probability of a rate increase, as well as a more than 75% chance for another one in December.
Gold and silver prices are under pressure right now, and this week's Fed decision could determine what comes next.
Last week's inflation report all but ensured interest rates will be nudged higher again on Wednesday of this week.
The midterm elections are only 50 days away and Americans are grappling with higher prices due the Iran war and President Trump's tariffs. Meanwhile, Trump is doubling down on his dubious promise to
Investors believe the Fed will raise borrowing costs as it works to tame inflation, which has risen a full percentage point since the Iran war started.