Fed task gets tougher, putting 75 basis point hike back in view ...Qatar

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Fed task gets tougher, putting 75 basis point hike back in view
Bad news on inflation hardened expectations the Federal Reserve will keep raising interest rates in half-point steps through September, with talk of an even larger move mounting in the conversation. Investors increased bets on a 75 basis point hike after data on Friday showed consumer-price growth accelerating to a fresh 40-year high and a separate report in which expectations deteriorated, though Fed watchers generally doubt Chair Jerome Powell would take that step next week. “Even in these fast-moving times, the Fed is likely to be reluctant to surprise markets, which keeps the chance of a 75 basis point surprise at next week’s meeting small,” said Sarah House, senior economist at Wells F

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