Fed could weigh historic rate hike after inflation scorcher ...Qatar

Federal Reserve officials may debate a historic one percentage-point rate hike later this month after another searing inflation report piled pressure on the central bank to act. “Everything is in play,” Atlanta Fed President Raphael Bostic told reporters in St Petersburg, Florida, on Wednesday after US consumer prices rose a faster-than-forecast 9.1% in the year through June. Asked if that included raising rates by a full percentage point, he replied, “it would mean everything. Investors bet that the Fed is more likely than not to raise interest rates by 100 basis points when it meets July 26-27, which would be the largest increase since the Fed started directly using overnight interest rat

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Last updated : 14 July 2022 clock 09:44 PM

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Fed could weigh historic rate hike after inflation scorcher ...Qatar

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