Will US Fed Hike Rates?

Published On: March 21, 2023 - The Federal Open Market Committee (FOMC) meeting scheduled for March 21 and 22 will decide on potentially raising interest rates again to control inflation. In the last meeting, the US Fed raised interest rates by a quarter percentage point, bringing the Fed funds rate to the 4.50%-4.75% range. Previously, the US Fed gave four consecutive 75bps rate hikes and then a 50 basis point increase in December, followed by a 0.25% hike in January. What’s in store this time?