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ANKARA - Eyes turned to the United States Federal Reserve Wednesday as it is expected to hike the benchmark rate for the first since 2018. The Fed is expected to make a 25-basis point rate hike to start monetary tightening. Russia's invasion of Ukraine led central banks to reassess their monetary policies, with the Fed taking center stage amid concerns over supply disruptions and a sudden inflation shock rising day by day. Annual consumer inflation in the US rose 7.9 percent in February, marking the largest 12-month increase since January 1982, according to the US Labor Department. Producer prices in February were up a record 10 percent annually, the department's figures showed. Brent crude jumped last week to USD139.13 per barrel, its highest since 2008, amid the US' import ban on Russian oil, natural gas and coal. Other commodity prices, such as wheat, palladium, copper, platinum and nickel, also soared last week. While it is almost certain the bank will increase interest

United statesTurkey generalJerome powellJoe bidenUs labor departmentUnited states federal reserve wednesdayFed chairman jerome powellAnkara eyes turned to the united states federal reserve wednesday as it is expected hike benchmark rate for first since 2018 fed makea 25 basis point start monetary tightening russia 39s invasion of ukraine led central banks reassess their policiesIth the fed taking center stage amid concerns over supply disruptions anda sudden inflation shock rising day by annual consumer in us rose 7 9 percent februaryArking the largest 12 month increase since january 1982Ccording to the us labor department producer prices in february were upa record 10 percent annuallyHe department 39s figures showed brent crude jumped last week to usd139 13 per barrelTs highest since 2008Mid the us 39 import ban on russian oilAtural gas and coal other commodity pricesSuch as wheat