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Article first appeared at Daily Express US
According to Daily Express US, experts are forecasting another hike in interest rates. Geographic Solutions’ Economist, Phillip Sprehe, was featured in the article, expressing his thoughts on the news.
Experts are warning that interest rates could hit 5.5 percent next week despite perceived improvements in the economy. The Federal Reserve has been under fire in the last year due to its decision to raise rates multiple times in a row.
Speaking exclusively to Daily Express US, Phillip Sprehe, an economist and labor market analyst at Geographic Solutions, shared why a Federal Funds Rate of 5.5 percent is likely.
“Despite the recent reports showing lower inflation, we anticipate the Fed will continue to increase interest rates by 0.25 percent in the coming months based on recent home and auto prices," said Sprehe.
Read more by visiting the Daily Express US’ website.