According to CoinMeta, the Federal Reserve is expected to raise interest rates by 25 basis points this month. The employment report in August far exceeded expectations, with 162,000 new jobs created, which is significantly higher than the economists' forecast of 53,000. Fed officials stated that they will support further rate hikes unless there are clear signs of inflation easing. The current target range for the Federal Reserve's federal funds rate is 3.50% to 3.75%.