Wall Street Journal Fed leaker says FOMC is likely to raise interest rates by 0.75% in July

You’ll recall that back in June markets were rocked by a brutal CPI report. The FOMC was meeting the following week. The shockingly high inflation print made the expected, and very well signaled, 50bp hike at that meeting seem paltry and insufficient. A 75bp rate hike seemed to be required, at the minimum. The Fed …

Wall Street Journal Fed leaker says FOMC is likely to raise interest rates by 0.75% in July Read More »