So the Fed Will Finish 2022 With a Rate-Hiking Bang, Then Coast, Right?

The futures market expects raises Wednesday and next month, maybe reaching a peak.

Is the Federal Reserve in its rate-hiking end game? That’s the big question about Wednesday’s Fed meeting.

The overwhelming odds, according to the futures market, are for a 0.75 percentage point increase in the November meeting, followed by a 0.50- to 0.75-point boost in December. That would bring the benchmark fed funds rate to a maximum band of 4.50% to 4.75%, from 3.0% to 3.25% now.