High inflation is likely to lead the Fed to consider surprising markets with a larger-than-expected 0.75-percentage-point rate increase this week
Officials had signaled plans to raise interest rates in half-point increments before recent deterioration in data
Rising oil costs have helped push the national average price for a gallon of gasoline to $5 for the first time, and that's leading to increased inflation pressure across the U.S. economy. Photo illustration: Todd Johnsonin recent days is likely to lead Federal Reserve officials to consider surprising markets with a larger-than-expected 0.75-percentage-point interest-rate increase at their meeting this week.
Before officials began their premeeting quiet period on June 4, they had signaled they were prepared to raise interest rates by a half percentage point this week and again at their meeting in July. But they also had said their outlook depended on the economy evolving as they expected.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
JP Morgan, Goldman economists now expect Fed to raise rates by 75 basis points on WednesdayEconomists at JP Morgan and Goldman Sachs said in client notes Monday that they now expect the Federal Reserve to raise its policy rate by 75 basis points on Wednesday. Or could it even be 100?
Weiterlesen »
Severe thunderstorms, 75 mph winds could hit Chicago before heat wave brings record tempsHeat indices will hit 105-degrees this week, and severe thunderstorms, large hail and a brief tornado are possible Monday, the National Weather Service said.
Weiterlesen »
SpaceX must meet over 75 environmental requirements before Mars rocket launch, FAA saysElon Musk's firm now has a path to gaining full approval to launch from its preferred Texas launch site.
Weiterlesen »
EUR/USD sees cushion below 1.0400, downside looks likely ahead of Fed and ECB LagardeThe EUR/USD pair is witnessing a minor cushion marginally below 1.0400 in the Asian session, however, more downside is still favored amid broader stre
Weiterlesen »
Expectations for Inflation and Spending Hit Record Levels in May, New York Fed Survey ShowsConsumer expectations for inflation and spending in the year ahead both hit record levels in May, the New York Federal Reserve reported Monday.
Weiterlesen »