MSNBC MSNBC Reports June 4, 2024 16:31:00
Raises rates it's a matter of by how much. the expectation which has been broadcast by fed officials, both current and former, as well as what's priced into the market ahead of this report is we're going to see a half a percentage point increase when the fed does announce the increase later today. historically speaking that would be a very large increase but we're coming off three 75-basis points hikes -- four excuse me, ahead of this meeting. so it represents a down shift in the pace of financial tightening by the fed coming off the heels of the cooler than expected cpi inflation report yeste...