The FOMC meeting is set for November 2, and there is a high chance that the interest rate will go up by 75 bits per second (bps). 81% of people think that the Fed will raise rates by 75 bps.
Next week, on November 2, the United States will announce the Fed Interest Rate Decision. At the moment, 81% of people think that interest rates will go up by 75bps. On November 4, the U.S. unemployment rate for October will be made public. https://t.co/nGgrVQN0to Oct 31, 2022 — Wu Blockchain (@WuBlockchain)
On November 4, the US unemployment rate for October will also be made public. If the Fed raises interest rates by 75 basis points, it would be the fourth time in a row that they have gone up by 75 basis points.
During the last FOMC meeting, the Fed said that interest rates would go up by 75 basis points, which 48% of people thought was a full point. Goldman Sachs (NYSE:GS) just released a report on October 29 that says their economists expect interest rates to go up by 5% by March 2023.
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Economists say that there will be a 75-basis-point increase this week, a 50-basis-point increase in December, and a 25-basis-point increase in both February and March. All of these changes will lead to rates going through the roof.
Since the 1990s, data shows that the Fed has never raised rates by a full percentage point. The Fed says that if things were just right, they wouldn’t be afraid to take a chance.
Investors have recently started to worry that interest rates might stay high for a long time. Since prices have recently gone up, the Fed has worked hard to keep inflation under control.
The world’s economies have been hurt by rising inflation, and some people even worry that a recession is coming. By raising interest rates, central banks around the world are also doing their best to keep inflation in check.
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