Build the Financial Life You Actually Want.

Economy

Fed Rate Decision Two Weeks Away as Markets Put 66% Odds on a September Hike

via Marketplace

Markets are pricing a 66 percent chance the Federal Reserve will raise rates at its September 15–16 meeting, after Chair Kevin Warsh said inflation has not improved enough. The Fed held its benchmark rate at 3.5–3.75 percent in July, when three of twelve committee members already dissented in favor of an immediate hike.