[theold]

The US Federal Reserve is widely expected to raise its benchmark lending rate for a tenth -- and possibly final -- time on Wednesday, as it continues its fight against high
inflation.

A further rate hike Wednesday would mark the Fed's tenth rate hike in a row, bringing the benchmark to between 5 and 5.25 percent -- its highest level since 2007.

More than 80 percent of futures traders also expect the Fed to raise interest rates by another 25 basis points, according to data from CME Group.

https://economictimes.indiatimes.com/new...879286.cms

[hansamu]

So can expect our local FD interest rates to also increase concomitantly.