Fed to Hike by 75 Basis Points Again on November 2nd

Fed to hike by 75 basis points again on November 2nd. And it should pause when inflation halves according to economists in a Reuters poll. 86 out of 90 predicted policymakers would hike federal funds rate by three quarters of a percentage point. Next year the economy was expected to expand just 0.4%. A forecast that has been downgraded in each consecutive monthly Reuters poll since the Fed started hiking in March.