Wednesday CPI report will likely support 0.75 point Fed hike
June consumer price index is likely to reveal another new 40-year high. There are signs inflation is easing but a big Fed hike is still expected.
Source: usatoday.com
Page 20 - Jonathan Millar News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Jonathan Millar. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Jonathan Millar Today - Breaking & Trending Today
How much will Federal Reserve raise key rate in bid to tame inflation?
Federal Reserve Chair Jerome Powell, who has carefully telegraphed interest rate hikes over four years, abandoned gradualism and moved more forcefully to stamp out inflation along with growing concerns that it will persist.The Federal Open Market Committee said Wednesday that it will raise rates 75…
Source: crainsdetroit.com
Bank Which First Correctly Called 75bps Hike Now Sees 50bps In July Due To Economic Slowdown
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
Mortgage Rates Under Pressure Again With Inflation At 40-Year High
Bond market investors wary that Fed will be forced to implement drastic 75-basis point rate hike in June or July.
Source: inman.com
U.S. Dollar ETFs Rally After Red-Hot Inflation Reading
As inflation rages on to a 40-year high, the U.S. dollar and currency-related exchange traded funds stand out on increased bets of a more aggressive Federal Reserve policy outlook.
Source: etftrends.com