Seema Shah, chief global strategist at the US asset management company Principal Asset Management, believes that the Fed's interest rate hike next week is a foregone conclusion. Shah said, “The focus of market discussions has quickly moved from whether the Fed will raise interest rates to a more important question of how many times the current cycle will eventually need to raise interest rates. We don't expect the Federal Reserve to raise interest rates just once. It's no longer just a matter of fine-tuning the economy. After five consecutive years of inflation above target levels, policymakers may conclude that more than one rate hike is needed to re-stabilize prices.”

Seema Shah, chief global strategist at the US asset management company Principal Asset Management, believes that the Fed's interest rate hike next week is a foregone conclusion. Shah said, “The focus of market discussions has quickly moved from whether the Fed will raise interest rates to a more important question of how many times the current cycle will eventually need to raise interest rates. We don't expect the Federal Reserve to raise interest rates just once. It's no longer just a matter of fine-tuning the economy. After five consecutive years of inflation above target levels, policymakers may conclude that more than one rate hike is needed to re-stabilize prices.”