Fed heads towards 75 basis points hike with officials wary of bigger move ...Qatar

Federal Reserve officials are on track to raise interest rates by 75 basis points for the second straight month when they meet later in July, after policy makers pushed back against a bigger move. Investors reversed bets on a full percentage-point move after wary comments from officials including Atlanta Fed President Raphael Bostic and St Louis’s James Bullard, plus a rare bit of good news on inflation. Shortly after they both spoke on Friday morning, data showed US consumers’ long-term inflation expectations declined in early July by more than forecast to 2.8%, versus 3.1% the month before. Interest-rate futures contracts currently imply a roughly one-in-six chance that the Fed will hike

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Last updated : 16 July 2022 clock 09:44 PM

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Fed heads towards 75 basis points hike with officials wary of bigger move ...Qatar

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