The Financial Post reports in its Wednesday edition that former Bank of England governor Mark Carney expects the U.S. Federal Reserve to raise interest rates again before the end of the year to help curb inflation. A Bloomberg dispatch to the Post reports that Mr. Carney said in an interview on Monday, "I expect that there will be a bit more tightening by the Fed, probably an additional rate increase this year." Mr. Carney's remarks align with what officials from the Fed have been saying. It recently left the benchmark interest rate unchanged at a target range of 5.25 per cent to 5.5 per cent -- a 22-year high. However, 12 of 19 Fed officials anticipate one more rate increase for this year. Federal Reserve Bank of Cleveland president Loretta Mester said Monday that the central bank will likely need to raise rates once more this year and then hold them for some time to get inflation back to its 2-per-cent target. Forecasts show that U.S. policymakers generally see fewer cuts in 2024 than previously anticipated, in part due to a stronger labour market. As for investing, Mr. Carney said that while cash is more attractive than it used to be, there is an investment boom that has just begun in real assets.