The Federal Reserve’s widely expected increase in interest rates next week may prove to be the last in its current credit-tightening campaign, former Chair Ben Bernanke said. “It looks very clear that the Fed will raise another 25 basis points at its next meeting,” he said Thursday on a webinar organized by Fidelity Investments. “It’s possible this increase in July might be the last one.” Investors seem to agree. They’re pricing in the near certainty of a rate hike at the Fed’s July 25-26 meeting with limited chances of an additional increase thereafter, according to trading in the federal funds futures market. ... (full story)