Top Forecaster: The Federal Reserve May Raise Interest Rates by 50 Basis Points in December

BlockBeats News, October 15, Prestige Economics President Jason Schenker stated that the FOMC might consider a larger rate hike of 50 basis points in December. Schenker, who earlier predicted the Federal Reserve's most recent rate hike, now believes that after the September rate hike, the Fed may 'allow the policy effects to take a breather' before considering a larger rate hike in December. Schenker predicts that if a larger rate hike occurs in December, further rate hikes may be paused early next year.