Investors Expect Fed Rate Hike Amid Steady Job Gains and Inflation
Investors in the United States expected a 25-basis-point increase at the September Federal Reserve meeting, citing steady August job gains and persistent inflation pressures, according to market betting odds reported on 7 September. President Donald Trump had earlier suggested the economy could grow as fast as 20 % and argued that the Fed should keep rates low.
He later urged the Fed to cut rates, while traders signaled support for a hike. After a strong August jobs report, Trump blamed inflation on market forces and higher rates, and later attributed inflation to “stupidity” and warned of possible trade restrictions.