EconomyWill the Fed keep raising rates to fight inflation? | Reuters Morning Bid

The Federal Reserve unanimously raised rates for the first time in more than three years, and 16 of its 18 policymakers see another increase this year. The Bank of England is expected to hold rates with a hawkish stance as energy shocks and food prices threaten inflation above 4%. Some Bank of Japan policymakers are pressing for a half-point move, while markets price only a quarter-point increase.