Interest Rates Expected To Go Up, With More Hikes To Come
The Fed has signaled that a total of three increases are likely in 2018. This would be the second. But with unemployment low, the Fed could add more rate hikes to avoid sparking higher inflation.
The Federal Reserve is widely expected to increase interest rates again Wednesday, which means higher rates on credit cards, home equity lines and other kinds of borrowing.
But economists are wondering whether will get policymakers nervous enough about potential inflation that the central bank will raise rates even higher in coming months than previously estimated.
