The Fed is expected to raise interest rates again on December 14 (good for PPGI Coil Sheet exports)
According to CCTV News citing CNN, the Federal Reserve is expected to raise interest rates again on the 14th, but the rate hike this time may be smaller than the previous four hikes. The chances of a 50 basis point rate hike by the Fed in December have risen to 80 percent, according to CME fed funds futures data. It is reported that the Federal Reserve raised interest rates by 75 basis points for four consecutive times in June, July, September and November this year, while the November rate hike raised the target range of the federal funds rate to 3.75% to 4%, a record high in 2008. highest level since January.
