Federal Reserve Likely to Raise Rates

The Federal Reserve Board is meeting again on August 8 to decide what to do with short term interest rates. Currently, rates are standing at 5.25%.

Reasons to Raise

• Fight inflation
• Keep the dollar from tanking
• Reload the 'gun' so can lower rates for upcoming economic downturn without significant risks.
  

Reasons to Lower or Pause

• Economy is already slowing. Don't want to overshoot and cause a recession.
  

[In my humble opinion, a recession in the next year is almost inevitable]. So what will the Federal Reserve Board decide on August 8th?

They will very likely raise rates by 25bps (1/4). At the next meeting after August, the Fed's will likely pause.