Economists are now widely expecting the Fed to hike rates this week
- Fed: 71 events in the last 90 days
- Previous: earlier the same day · Spiking oil prices jolt U.S. bond yields past 5%, threatening to set off a vicious cycle of debt just as the Fed is expected to hike rates
What happened
An 85% majority in a Reuters poll now forecast a quarter-point increase at the Sept. 15-16 meeting, reversing a two-thirds majority for a hold last week
Summary assembled by rule from the sources below