Fed Expected to Raise Rates Next Week, but One Hike Won’t Fix Inflation

TREE NEWS reports: Investors largely expect the Federal Reserve to raise interest rates next week for the first time in three years, with the harder question being what comes after. Almost no one inside the Fed believes a single 25-basis-point hike is enough to bring inflation down, so a move next week would reflect a judgment that rates had been set at the wrong level. Since the 1990s, the Fed has raised rates only once in a one-off move.