Fed prepares a new rate hike with the bond at 11-year highs

With a recession at the doorstep, the US Federal Reserve meets today to face, or try to face, inflation that continues to run rampant and sovereign debt in free fall, while its yield, which moves inversely, continues to rise and revalidate its highs day by day. "A 75 basis point hike remains our favorite option and the vast majority of economists seem to think so," ING…