Nick Timiraos: Fed Rate-Hike Expectations Are Priced In, But More Hikes May Follow

Nick Timiraos said the Federal Reserve is unlikely to end after just one rate hike. According to Sina Finance, he said that if the Fed does raise rates this time, the next question will be what goal the central bank believes tightening policy is meant to achieve. He also asked whether the hike would mark the start of a tightening cycle aimed at slowing the economy, or whether it would instead be a preventive move to guard against inflation risks after the economy has faced multiple shocks and inflation has continued to fall short of expectations.