Fed to raise rates once more in December as inflation risks stay high: Reuters poll

A majority of economists surveyed by Reuters expect the Federal Reserve to raise interest rates by 25 basis points in December, taking the federal funds rate to 4.00%–4.25%. All 101 economists polled forecast the increase, citing persistent inflation, a strong jobs market and resilient economic growth. About 55% expect the move to be the final increase in the current cycle, while 45 respondents see at least two further hikes ahead.