How High Will Interest Rates Go?

In its Real Economy Blog, OMA Connections Partner RSM says it expects the Federal Reserve to raise the federal funds rate above 5% in the near term. (It currently sits at between 3.75% to 4%.) RSM anticipates “years of higher-than-normal inflation.”

The Fed is likely to implement a 50-basis-point increase at its December meeting, with 25-basis-point increases in early February and mid-March, according to Chad Moutray, chief economist for the National Association of Manufacturers. 11/15/2022