Most experts expect that the Federal Reserve will decide at its September 25-26 meeting to increase the base interest rate on federal credit facilities by 25 basis points to 2-2.5% per annum. The market estimates the probability of such a decision in 90%. Economists also believe that the Fed will hint at the probability of the next rate hike in December this year, despite the tense situation in world trade due to the ongoing dispute between the US and China. The chief economist of Grant Thornton, Diane Swank, believes that the Fed's incentive cutback is justified, as the US economy continues to have momentum for growth and the US stock market is booming.
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