The Federal Reserve is widely expected to raise its benchmark interest rate by 25 basis points at its September 15-16 meeting, which would mark the first hike since May 2023.
Traders are pricing in a 92% probability of a rate increase, according to CME FedWatch data, with a 75% chance of a second hike in December.
Goldman Sachs, JPMorgan, HSBC, and Deutsche Bank have all forecast a quarter-point increase after...
