Fed Rate Hike 'Could End in One Move' Like 1997 Case

The U.S. Federal Reserve raised its benchmark interest rate for the first time in three years, making the potential for further increases a key market variable. Markets had anticipated at least three hikes. However, some analysts suggest Chair Jerome Powell may seize an opportunity to halt inflation with just one rate increase, similar to Alan Greenspan's approach in 1997. Bloomberg columnist Jonathan Levin noted this on July 17 (local time).