Fed officials expect another rate increase

The Federal Reserve meeting minutes show that officials expect to raise interest rates once again before the end of the year to address inflation, which has remained above the target for more than five years. Although a specific date has not been determined, it is considered likely that interest rates will increase by the end of 2023, especially after most members indicated that another hike might be appropriate. Recent data indicate that the inflation rate, measured by the Personal Consumption Expenditures (PCE) index, reached 3% in August, still above the Federal Reserve's 2% target. The forecasts are associated with rising yields on Treasury bonds to levels not seen since 2002, with the possibility of continued rate hikes in the coming months as part of an effort to curb inflation and stabilize the labor market.

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