Question

Since February, the Federal Reserve has raised its short-term interest rate target five times, and because of the economy's continued strength, analysts have been predicting for weeks that the target will be raised again in November.

Answer 1

Answer:This statement is true

Explanation: Since the economy has shown continued strength over time, it is safe to assume that it will keep getting stronger even into November. What further reinforces this assumption is the fact that the interest rate has been raised five times in the past and the economy still remains strong. This means that analysts are likely predicting correctly that the short term interest rate will in fact be raised, as it's clear that raising it does not have any adverse effects on the economy.