Survey said to expect November rate hike by US Federal Reserve

WASHINGTON D.C.: Economists polled by Reuters say the U.S. Federal Reserve will move forward with its fourth consecutive 75 basis point interest rate hike on 2nd November and should continue this policy until inflation falls to around half the current level.

However, the survey also showed a median 65 percent probability of a recession within a year, up from 45 percent.

As inflation is staying high and un