One more increase very likely, but markets want clearer signals of future intent
WASHINGTON: The US Federal Reserve on Tuesday opened a two-day meeting to decide whether to raise its benchmark lending rate for a 10th — and possibly final — time to tackle rising prices.
The Fed has been on an aggressive campaign of interest-rate increases since March last year, rapidly raising rates to help target inflation, which remains stubbornly high at 5%, well above its long-term target of 2%.
With the Federal Open Market Committee (FOMC) widely expected to raise its…
