US and Britain expected to drive further hikes in interest rates this week

All eyes are focused squarely on the US Fed decision and chairman Jerome Powell’s press conference, where some investors have even bet on a mammoth 100 basis-point interest rate hike.

US Federal Reserve chairman Jerome Powell.

It is expected that the US Federal Reserve and a number of its global counterparts will launch a rapid-fire attack on inflation in the coming week as their commitment to bringing consumer prices under control gets ever more resolute.

Three days of central-bank decisions are expected to deliver large interest-rate hikes, with the potential for a bigger tally if officials opt for more aggression.