Jason Schenker says the Fed December could raise rates by 50 basis points

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Forecaster: The Federal Reserve may December raise interest rates 50 basis points

PANews October 15 news: Jason Schenker, President of Prestige Economics, said that the Federal Reserve may December consider a larger, 50-basis-point rate hike. Schenker, a forecaster who correctly predicted the Federal Reserve's most recent rate hike early, now believes that the Federal Reserve may September pause after raising interest rates to “let the policy effects breathe a little,” then December consider a larger rate hike. Schenker expects that if December a larger rate hike occurs, further rate hikes may be paused early next year. Between the October and December meetings, Federal Reserve officials will also receive employment reports and another CPI data release, which could inform their future decisions. Schenker said: “Although they only need to wait 6 weeks, they will have more data. If they find that 25 basis points has no effect, then I think they may roll out 5...

Source: https://www.panewslab.com/zh/articles/01a13cdf-432c-73d8-949b-ea4465049569

Key points

Jason Schenker, President of Prestige Economics, said that the Federal Reserve may December consider raising interest rates by 50 basis points.
Schenker believes that the Federal Reserve may September pause after raising interest rates to observe the policy effects, then December consider a larger rate hike.
If December interest rates are raised by 50 basis points, Schenker expects that further rate hikes may be paused early next year.
October Between the December and CPI meetings, Federal Reserve officials will receive employment reports and another data release.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This is a personal forecast, not a formal decision already made by the Federal Reserve. 50 basis points equal 0.5 percentage points.

Why it matters to readers

Future employment and CPI data may provide a basis for the Federal Reserve's subsequent decisions.

It helps beginners understand that expert forecasts are not the same as formal central-bank policy decisions, and subsequent data may still affect the outcome.

Risks and unknowns

The report does not indicate that the Federal Reserve has decided to December raise interest rates by 50 basis points.
Whether the forecast materializes depends on subsequent employment reports,CPI data, and subsequent statements by Federal Reserve officials.
The quotation is truncated at “roll out 5...”; the complete wording cannot be confirmed.

Jason Schenker says the Fed December could raise rates by 50 basis points

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