With inflation scorching hot, many expect the FederalReserve to hike the benchmark interest rate by 75 to 100 basis points (bps). Economics
Analysts Suspect the Fed Will Bump Federal Funds Rate by 75 bps Next Week, Others Predict the 'Biggest Hike in Decades’
Following the recent U.S. consumer price index report that indicated inflation in America has reached a 40-year high, many expect the Federal Reserve to hike the benchmark interest rate by 75 to 100 basis points on July 26. Blackstone’s Private Wealth Solutions expects the Fed to raise the rate by 75 bps and bankrate.com believes a three-quarter rate hike is in the cards as well.
All Eyes on the Fed’s Next Move — Market Strategists Predict a 75 to 100 bps Interest Rate Hike Next Week Next week, roughly six days from now, the U.S. central bank will meet once again in order to assess and change the federal funds rate. The Federal Reserve has been hiking the benchmark rate since mid-March 2022. At that time in March, the central bank
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