The Federal Reserve plowed ahead with a fourth straight historically large interest rate hike Wednesday in an effort to beat back soaring inflation. But as the Fed’s monthslong campaign increasingly risks a recession next year, the main question now is – Will it dial back the rate hikes in December or wait until inflation shows clear signs of abating? In a statement after a two-day meeting, the Fed made clear that more rate increases are coming to lower yearly inflation to its 2% goal. “The (Fed’s policymaking committee) anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time,” the Fed said in the statement. Click the link in our bio to learn more.