KPMG Chief Economist Forecasts Federal Reserve Rate Hike in September

KPMG's Diane Swonk anticipates a September rate increase, citing five years of persistent high inflation that has shifted from anomaly to norm.

Woofun AI reports that KPMG Chief Economist Diane Swonk forecasts the Federal Reserve will raise interest rates in September. She emphasized that high inflation has endured for five years, noting that while this is not solely the central bank's responsibility, the decision to act remains theirs. Swonk stated that price increases have been excessive and prolonged, evolving from an anomaly into the new normal.