ICICI Bank forecasts Fed rate hike amid persistent inflation concerns
- Reports
- 9
- Developments
- 1
- Repetition
- 89%
New informationRepeats or wire copies
What happened
An ICICI Bank report predicts the US Federal Reserve could raise interest rates by another 25 basis points in December. The report noted that the Federal Open Market Committee kept the federal funds rate unchanged at 3.75-4% in its latest meeting. Two members, Lisa D. Cook and Beth M. Hammack, favored a further 25 basis point hike due to concerns over persistent inflation.
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Why it matters
The forecast suggests that persistent inflationary pressures, rising energy prices, and resilient economic activity are likely to keep the Federal Reserve's policy stance restrictive. The report also noted that markets currently price in an approximately 80 per cent probability of a 25 basis point rate hike in December.
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Who's involved
- ICICI BankIssued the report forecasting the US Federal Reserve rate hike.
- FEDThe central bank whose monetary policy is being analyzed.
- Lisa D. CookA member who favored a further rate increase due to inflation.
- Federal Open Market CommitteeThe committee within the Federal Reserve that recently kept rates unchanged.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- CoreWeaveSpeculative
Higher rates could increase CoreWeave's borrowing costs and valuation risk.
- State Bank of IndiaSpeculative
Global rate hikes may increase funding costs and tighten credit conditions for State Bank of India.
Keep exploring
The entities involved
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FED
business
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Lisa D. Cook
American economist (1964-)
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ICICI Bank
Indian multinational Bank
Related events
- Lisa Cook voted for a rate increase while Donald Trump suggested he might react negatively to the hike.
- Potential rate hikes are highly likely, impacting the mortgage market.
- Lisa Cook dissented during a meeting, favoring an interest rate hike.
- Reports indicate the Federal Reserve needs to hike rates, leading to increased bond market anxiety.
- ICICI Bank contributed substantially to Nifty gains on October 15, 2026.
Coverage
Newest first; wire copies grouped- afghanistansun.com
- middleeaststar.com
- bangladeshsun.com
- iranherald.com
- chinanationalnews.com
- coloradostar.com