Fed poised to approve quarter-point rate hike next week, despite market turmoil

The Federal Reserve likely will approve a quarter percentage point interest rate increase next week .

A rate increase would come just over a week after the Fed other regulators rolled out just over a week nding facil Fed to halt a crisis of confidence in the banking industry.

A consensus has emerged that Chairman Jerome Powell and his fellow central bankers will want to signal that while they are attuned to financial sector upheaval, it's important to continue the fight to bring down inflation.

Za Mark Zandi hike next week would Moody's Analytics . "I think more rational heads will prevail, but it is possible tha the Federal Reserve ed on inflation that th quarter willing to take their chance with the fin next week stem," he said. "I thought we could make our way through this period without a recession, but it required some reasonably go the past two weeks the Fed. "If the half ise rates, that qualifies as a mistake, and one ould call it an egregious Fed take," Zandi added. "The recession risks will go meaningfully higher at that point Jerome Powell ss="summaryFeed_highLightText__NxlGi">Zandi Fed next week 0.25 NxlGi">Zandi < 25 an class="summaryFeed_highLightText__NxlGi">Fed Fed Doug Roberts rter Channel Capital Research 25 "summaryFe 25 _highLightText__NxlGi">between 4.75%-5% Powell xlGi">Wednesday 180-degree NxlGi">year end Fed ">around 4% Friday = afternoon eed_highLightText__N 75% i">Fed quarter class="summaryFeed_highLightT CME Group i">Onefed 25% weekend Fed between now just over a year ago sp Goldman Sachs ass= one mmaryFeed_highLightText__NxlGi">Michael Gapen Bank of America Fed last S Fed ay Bank of America Fed Zandi Mark Zandi mmaryFeed_highLightTe Moody's Analytics n Valley Bank and Signature Bank Fed just over a week