tldr; The US Federal Reserve is likely to raise interest rates more than the markets now expect, says Ricardo Reis, an economist at the London School of Economics. “Markets are going to get rocked. All the risks are on the upside. A rate of 5.5% is the minimum,” he added. Last month, the Fed raised the top end of its benchmark rate range to 4.5%.This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Source link