WASHINGTON It looks as if the Federal Reserve is going to have to crack the whip again to settle an economy that is turning out to be friskier than expected.

Economists are now saying it is a virtual certainty Fed officials will push short-term interest rates up to 5.25% from the current 4.75% this fall no Rater than the Nov. 17 meeting of the Federal Open Market Committee. And many believe more rate increases are in store. probably extending into next year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.