FOMC officials are not ruling out another 75 basis point rate hike in July Equities are affected more by corporate earnings than recession fears, one analyst said Federal Reserve officials agreed in June that interest rates may need to increase at a faster pace to combat inflation, likely in either a 50 or 75 basis point hike in July, according to minutes released Wednesday. “Many participants judged that a significant risk now facing the committee was that elevated inflation could become entrenched if the public began to question the resolve of the committee to adjust the stance of policy as
Digital assets and stocks trended slightly higher Thursday after the Fed’s latest hawkish, public stance Fed officials agreed in June interest rates may need to increase at a faster pace to beat back inflation — likely resulting in a 75 basis point hike in July, or higher, in the estimation…