KPMG's chief economist in the US, Swank believes that this rate hike is not “over at once,” and that the actual amount of interest rate hike required may exceed official estimates. She also stressed that US inflation has been high for five years, and the longer it is, the harder it is to deal with it, so we must start dealing with it now, and more measures are needed if we want to actually curb inflation. The latest market forecast from CME's Federal Reserve Watch Tool shows that the probability that the Fed will raise interest rates by 25 basis points in October is greater than 57%; the probability that the Fed will raise interest rates by another 25 basis points in December and raise the federal benchmark interest rate to 4.25% to 4.5% is 43%.

KPMG's chief economist in the US, Swank believes that this rate hike is not “over at once,” and that the actual amount of interest rate hike required may exceed official estimates. She also stressed that US inflation has been high for five years, and the longer it is, the harder it is to deal with it, so we must start dealing with it now, and more measures are needed if we want to actually curb inflation. The latest market forecast from CME's Federal Reserve Watch Tool shows that the probability that the Fed will raise interest rates by 25 basis points in October is greater than 57%; the probability that the Fed will raise interest rates by another 25 basis points in December and raise the federal benchmark interest rate to 4.25% to 4.5% is 43%.