The Globe and Mail reports in its Thursday, Oct. 8, edition that most Federal Reserve officials expect one more interest-rate hike this year. An Associated Press dispatch to The Globe reports that the Fed's Sept. 15-16 interest rate hike marked its first increase in three years. The increase defied President Donald Trump's repeated calls for the Fed to cut rates and prompted the President to criticize the Fed's rate-setting committee, though he still expressed support for chairman Kevin Warsh. Longer-term interest rates for mortgages and other borrowing have also jumped in the past few months for a range of reasons, including rising government debt, heavy borrowing by tech firms to finance datacentre construction, climbing oil and gas prices, and signs that growth and inflation remain elevated. The Fed's rate hike has likely played only a limited role in the increase. Still, key policy-makers have said since the meeting that the Fed can take some time to monitor the economy and the impact of last month's rate hike before making another move. Wall Street investors now forecast the Fed will keep its rate unchanged at its next meeting on Oct. 28-29, according to futures pricing, and raise it when they meet in December.