Any doubt Fed will raise rates by 75 basis points next week is gone after hot U.S. inflation data

Market pricing in 20% chance of 100 basis point hike seen as ‘over the top,’ economist says Federal Reserve Chairman Jerome Powell gives a press briefing at the start of the pandemic in 2020. ERIC BARADAT/AFP/GETTY IMAGES Any doubt that the Federal Reserve will raise its its benchmark interest rate by 0.75 percentage point next …

Any doubt Fed will raise rates by 75 basis points next week is gone after hot U.S. inflation data Read More »