* NATO chief condemns Putin’s latest threat of nuclear war
* Federal Reserve lifts interest rates with third straight 1/4-point hike
* Fed’s Powell suggests recession may be price for taming inflation
* Fed anticipates lifting rates as high as 4.6% to tame inflation
* Bank of England under pressure to follow Fed with big rate hike
* Home sellers are scarce as rising rates convince homeowners to stay put
* Yen rises after Japan intervenes in currency market for first time since 1998
* After Switzerland’s rate hike, Japan is last country with negative rates
* US existing home sales fell for seventh straight month in August:

Federal Reserve Chairman Jerome Powell says: “We have got to get inflation behind us.” Speaking after the central bank announced a third-straight 75-basis-points rate hike, he lamented: “I wish there were a painless way to do that; there isn’t.”

The Fed’s so-called dot plot, which captures the central bank’s current expectations for the path ahead for interest rates, suggests rate hikes up to 4.6%. That compares with the current Fed funds rate of 3.0%-3.25% range following yesterday’s increase.

Fed funds futures pricing in 68% probability of another 75-basis-points rate hike at the next FOMC policy meeting on Nov. 2: