If you’re still wondering how much the Federal Reserve will raise short-term interest rates next week, you should wonder no more: the Fed is almost certainly going to raise rates by three-quarters of a percentage point (75 basis points), just like it did back in both June and July. That’ll put the target short-term rate at 3.125%, the first time it’s been north of 3.0% since early 2008.
The Fed: What to Expect and What to Watch
September 12, 2022