Fed Expected to Hike Interest Rates Amid Inflation Concerns

The Federal Reserve is set to announce its decision on interest rates, which could impact borrowing costs for millions of Americans. Experts expect a quarter-point hike, the first rate increase since 2023.

According to economists, inflation remains too high, driven in part by rising energy prices due to the Iran war. This has put pressure on the Fed to act.

Kevin Hassett, an economist and director of the National Economic Council, believes President Donald Trump may reluctantly agree to raise interest rates if the data supports it.