The Federal Reserve is considering raising interest rates by 75 basis points during its September 2022 meeting, marking the third consecutive three-quarter point increase, increasing borrowing costs to the 3%-3.25% range, the highest since 2008. Some economists believe the Fed will raise interest rates even more. Simultaneously, the so-called dot plot is predicted to show that interest rates will likely reach 4% by December, up from 3.4% in June, and rise to roughly 4.5% next year, up from 3.8% three months ago. Fed policymakers have reiterated their resolve to bring inflation down to levels not seen in 40 years. Investors will also be watching for new inflation, unemployment, and GDP estimates.
