Analysts Believe the Federal Reserve Needs Multiple Rate Hikes

Seema Shah, Chief Global Strategist at Principal Asset Management, believes that a rate hike by the Federal Reserve next week is a foregone conclusion. Shah points out that the market's focus has shifted to the number of rate hikes needed in this cycle, with expectations that the Federal Reserve will not raise rates just once. After inflation rates have remained above target levels for five consecutive years, policymakers may feel that multiple rate hikes are necessary to achieve price stability.

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