The Federal Reserve is all set to increase interest rates again in December, 22 but buyers are expecting that smaller interest rate increases are likely ahead as also confirmed by Federal Reserve Chairman Jerome Powell. This will be the seventh rate hikes this year with 0.75% each in last four and 0.5% and 0.25% in 2 eary hikes this year. Market expectation for interest rate hike to be around half point.
The rate-setting Federal Open Market Committee is set to meet Dec. 13-14
