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Jerome Powell’s Inflation-Fighting Pledge Could Tee Up Another 0.75-Point Interest Rate Rise by Fed
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wsj.comThe Federal Reserve appears to be on a path to raise interest rates by another 0.75 percentage point this month in the wake of Chairman Jerome Powell’s public pledge to reduce inflation even if it increases unemployment.
Fed officials have done little to push back against market expectations of a third consecutive 0.75-point rate rise in recent public statements and interviews ahead of their Sept. 20-21 policy meeting.
Read more on wsj.comAbout this in other media
What does the Bank’s interest rate hike mean for people’s finances? theguardian.com /1 year ago
Interest rate hike points to the Bank keeping its foot firmly on the brake theguardian.com /1 year ago
Jerome Powell is prolonging our economic agony cointelegraph.com /1 year ago
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