City braced for rate rise
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Business & money: Â· Inflation fears as growth is stronger than expected Â· Manufacturers weather burden of strong pound
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US interest rates are expected to rise for the fifth time since June following the US Federal Reserve&#39;s latest rate-setting meeting later on Tuesday.
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Japan&#039;s central bank looks poised to raise interest rates for the first time in almost six years in a show of confidence in the economic recovery at a key two-day meeting.
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WASHINGTON (CBS.MW) - The slew of speeches in the past week by Fed officials have cemented views that the Federal Open Market Committee will raise rates on Sept.
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Overnight rate nearly certain to rise to 6.0% after June prices pass expectations.
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Short-term interest-rate futures contracts traded at the Chicago Board of Trade now reflect increased odds the central bank will raise US interest rates at each of its next few meetings, including on Nov. 10 and at the final meeting of the year on Dec.
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THE Federal Reserve is expected to keep raising official interest rates this month after the US economy added 144,000 jobs in August.
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Federal Reserve officials are set to  jack up interest rates on Tuesday for a fifth time this year,  confident the U.S. expansion is self-supporting and no longer  in need of rock-bottom borrowing costs for a boost.
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US jobs data will be the biggest show in town next week as speculation mounts as to whether the Federal Reserve will raise interest rates in September.
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Decision time is nearing for the next rate increase by the Postal Service.
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The Centre is said to be of the view that with the inflation rate already high, any hike in prices at this juncture could fuel it further.
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The ECB is likely to raise interest rates in a regular monthly policy meeting scheduled on Thursday. The key rate that is now at a historic low of 2% will probably be raised to combat inflationary pressures.
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Business & money: The City risks financial turmoil unless it learns the lessons from this summer's credit crunch, warns Bank.
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Philadelphia Federal Reserve Bank President Charles Plosser on Wednesday said more interest rate increases may be needed to keep price rises in check as the economy resumes growth.
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Interest rates will likely remain at a six-year peak of 5.50 percent when Bank of England policymakers convene on Thursday, but another hike is due in the near future as the bank seeks to tame inflation.
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The Federal Reserve looks set to  lift U.S. interest rates on Thursday for a 17th straight time  and will likely hold the door open to pushing them even higher  in coming months to ward off inflation.
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The Bank of England's Monetary Policy Committee is tipped to put up interest rates to 5.75%.